Crypto News: Binance Retains Market Lead as US Bitcoin ETFs Surge to $10B Daily Volume, According to CryptoQuant

Key Takeaways:US spot Bitcoin ETFs generate up to $10 billion in daily trading volume, rivaling top crypto exchanges.Binance remains the global leader, with $22B in total daily volume and $4.1B in BTC spot trades.Bitcoin ETFs dominate institutional adoption, while Ether ETFs are seeing faster inflows in recent weeks.ETFs are becoming a critical driver of liquidity, price discovery, and institutional exposure to Bitcoin.Bitcoin ETFs Now a Major Force in Spot TradingUnited States-based spot Bitcoin exchange-traded funds (ETFs) are now accounting for a significant share of daily Bitcoin spot volume, underscoring their growing role in institutional adoption.“Bitcoin spot trading volumes through US-based ETFs have become a significant source of investor exposure to Bitcoin,” said Julio Moreno, head of research at CryptoQuant, on Thursday.On peak days, US spot Bitcoin ETFs generate $5–10 billion in daily volume, sometimes surpassing activity on most global crypto exchanges.Binance Still Leads the MarketDespite ETF growth, Binance remains the largest venue for crypto trading.Daily BTC spot volume on Binance sits at $4.1 billion (CoinGecko).Total daily volume across all Binance trading pairs is around $22 billion.For Ether (ETH), spot activity is heavily concentrated on Binance, followed by Crypto.com, while ETFs account for just 4% of ETH spot trades.“This underscores limited ETF participation in ETH spot trading,” Moreno explained, adding that it suggests “slower institutional adoption of Ethereum compared to Bitcoin.”ETF Flows: Bitcoin Slows, Ether SurgesData shows ETF flows are reshaping liquidity trends:Bitcoin ETFs: $571.6M in inflows this week, with BlackRock’s iShares Bitcoin Trust (IBIT) capturing 40%.Ethereum ETFs: $1.24B in inflows this week — more than double BTC — with no net outflow days since Aug. 20.In total, Ether ETFs have attracted over $4 billion in inflows this month, accounting for 30% of their cumulative inflows since launch 13 months ago.“Current flow dynamics show ETFs are not just supplementing but actively reshaping spot market liquidity,” said Nick Ruck, director at LVRG Research.ETFs Cement Role in Crypto Market StructureWhile whales and exchanges like Binance still drive large portions of trading, ETFs are increasingly acting as gateways for institutional capital.With ETF trading volumes now closely tracking Bitcoin price action, analysts argue that these products have become a permanent fixture in price discovery and liquidity for BTC — and could eventually play a similar role for ETH.