Institutional Primer: The Impact Of The First US Spot Bitcoin ETFs

Our latest report examines the market impact following the SEC's approval of a spot Bitcoin ETF, from the immediate market reaction to the broader implications for the digital asset sector.

  • January 12, 2024
Report cover

Institutional Primer: The Impact Of The First US Spot Bitcoin ETFs

Our latest report examines the market impact following the SEC's approval of a spot Bitcoin ETF, from the immediate market reaction to the broader implications for the digital asset sector.

  • January 12, 2024

Report Summary

CCData's report delves into the aftermath of the SEC's approval of a spot Bitcoin ETF, highlighting the significant first-day trading volume and the shifting investment landscape in the cryptocurrency market.

Key Findings

  • The 11 spot Bitcoin ETFs traded an aggregate volume of $4.37bn on the first day since their launch.
  • Based on the latest provisional data at the time of writing, Bitwise had the largest inflows among the spot Bitcoin ETFs.
  • Speculation on the impact of spot Bitcoin ETF continues to ramp on institutional venues with ProShares BITO recording nearly $2bn in volumes.
  • Historical data from the launch of the first gold ETF in the US in November 2004 provides insights into a potential Bitcoin ETF's impact.
Download Report

More Featured Reports

Stablecoin & CBDcs Report June
CoinDesk Data's Stablecoins & CBDCs Report provides readers with a comprehensive analysis of the latest developments surrounding stablecoins and CBDCs, featuring data-driven insights into market capitalization, trading volumes, peg deviations, regulatory changes, and more.
  • June 27, 2025
Read more
Exchange Review May 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
  • June 19, 2025
  • Exchange Review
Read more
Stablecoins & CBDCs Report May
CoinDesk Data's Stablecoins & CBDCs Report provides readers with a comprehensive analysis of the latest developments surrounding stablecoins and CBDCs, featuring data-driven insights into market capitalization, trading volumes, peg deviations, regulatory changes, and more.
  • May 30, 2025
Read more
Exchange Review April
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
  • May 23, 2025
Read more

Subscribe to Our Newsletter

Get our latest research, reports and event news delivered straight to your inbox.