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Uyen Nguyen
@uyennguyen
US spot Bitcoin ETFs set to hit $1 trillion cumulative trading volume milestone in less than 18 months since launch U.S. spot Bitcoin BTC +0.86% The spot Bitcoin ETFs grew swiftly following their launch, attracting $100 billion in trading volume by March 2024 and $200 billion by April 2024 as bitcoin rose to reach what was then an all-time high of nearly $74,000. However, the trading volume trajectory then slowed slightly amid a cooling-off phase for the crypto market that saw bitcoin consolidate in a range between $50,000 and $70,000 for the next seven months. Bitcoin finally broke out of that range to reach new all-time highs again following pro-crypto Donald Trump's U.S. presidential election victory in November, with the spot Bitcoin ETFs surpassing the $500 billion cumulative volume milestone soon after. It took a few more months for the funds to reach the $750 billion mark this February.
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