Regulated Products Gain Ground on Crypto Exchanges
Regulatory-grade investment products are gaining traction in the cryptocurrency market, with BlackRock's iShares Bitcoin Trust (IBIT) emerging as a major player. According to analytics firm Kaiko, IBIT's daily trading volume has surpassed $16 billion to $18 billion, rivalling Binance and outpacing Coinbase.
IBIT's dominance in the U.S. spot Bitcoin ETF market is striking, with a 70% market share by volume. This trend is attributed to institutional investors increasingly using listed products rather than direct exchange access.
The contrasting fortunes of IBIT and broader category flows are noteworthy. While the ETF's trading activity surged, net outflows from U.S. spot Bitcoin ETFs reached $496.5 million in Q1 2026, marking their second-worst quarterly performance since launch.




