BlackRock’s iShares Bitcoin Trust (IBIT) reached daily trading volumes between $16 billion and $18 billion on April 3, 2026. This surge places the regulated ETF in direct competition with Binance, the world’s largest cryptocurrency exchange. IBIT’s volume now more than doubles the typical spot market activity on Coinbase.
The data suggests a significant shift as large institutional players prioritize regulated investment vehicles over traditional crypto exchanges. Spot Bitcoin ETFs recorded $1.32 billion in net inflows during March. This rebound ended a four-month streak of outflows that marked the start of 2026.