U.S. spot cryptocurrency exchange-traded funds (ETFs) surpassed $2 trillion in cumulative trading volume on , achieving the milestone in roughly eight months—half the time it took to reach the first $1 trillion. This rapid growth underscores accelerating institutional demand for regulated digital asset exposure.
From $1 trillion to $2 trillion, the pace was notably faster than the initial 16 months required to reach $1 trillion on . On the first trading day of 2026, Bitcoin and Ethereum ETFs collectively posted $645.6 million in net inflows. Spot Bitcoin ETFs contributed $471.1 million, with all 12 funds seeing positive flows, according to SoSoValue. BlackRock’s IBIT led with $287.4 million, followed by Fidelity’s FBTC ($88.1 million) and Bitwise’s BITB ($41.5 million). Spot Ethereum ETFs added $174.4 million, primarily from Fidelity’s ETHE ($53.7 million), Grayscale’s Ethereum Mini Trust ($50.0 million), and BlackRock’s ETHA ($47.2 million). XRP-based products have also drawn $1.2 billion in net inflows since their debut.
BlackRock’s IBIT remains dominant, holding roughly 70% of volume and managing over $66 billion in assets. Total Bitcoin ETF assets reached $117 billion, about 6.5% of Bitcoin’s market capitalization, while Ethereum ETFs collectively hold $19.1 billion, around 5% of Ethereum’s market cap. These inflows reversed recent year-end outflows, including $348 million lost by Bitcoin ETFs on .
The milestone reflects growing institutional demand for regulated digital asset exposure
. Spot Bitcoin ETFs, launched in , offered traditional institutions a regulated and familiar way to access crypto markets. A State Street Global Advisors report notes that 60% of institutional investors prefer registered vehicles, highlighting the value of regulatory clarity.
While this report does not detail fees or expense ratios for individual ETFs, Bloomberg Intelligence analyst James Seyffart cites 126 pending crypto ETF filings. Seyffart cautions that some may close toward late if they fail to attract sufficient assets. The ongoing institutional capital influx could further integrate digital assets into conventional portfolios. SEC-approved generic listing standards from have shortened approval timelines, likely enabling additional launches.
Investors should conduct careful due diligence, reviewing underlying assets, management fees, and historical performance, and consider consulting a qualified financial advisor. Staying informed on regulatory developments is essential, as these directly affect the availability and structure of crypto investment products.
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