Last week saw a remarkable surge in trading activity for digital asset investment products globally, reaching an unprecedented $30 billion in trading volume. CoinShares data highlights that U.S.-based spot Bitcoin exchange-traded funds (ETFs) were the primary drivers behind this record volume. Leading asset managers offering these investment products include renowned firms such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares.

According to James Butterfill, CoinShares' Head of Research, at times, the trading volumes in these digital investment products accounted for up to 50% of global Bitcoin daily trading volumes from reputable exchanges. U.S. spot Bitcoin ETFs alone recorded a remarkable weekly trading volume of $22.3 billion. Moreover, Wednesday marked a significant milestone for these ETFs, witnessing the highest daily volume since their launch, totaling over $7.6 billion.