Bitcoin ETFs, Led By BlackRock's IBIT, See Record $40B Trading Volume as Institutions Capitulate

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin ETFs, Led By BlackRock's IBIT, See Record $40B Trading Volume as Institutions Capitulate The U.S.-listed spot bitcoin ETFs saw a record $40 billion in trading volume last week, with IBIT leading the way. By Omkar Godbole , AI Boost Nov 24, 2025, 5:26 a.m. Bitcoin ETFs register record activity. (Unsplash, Kanchanara) What to know : The U.S.-listed spot bitcoin ETFs saw a record $40 billion in trading volume last week, with IBIT leading the way. The surge in trading volume, along with price plunge and record redemptions, suggests institutional capitulation. The 11 U.S.-listed spot bitcoin ETFs shattered trading records last week, with cumulative volumes surpassing $40.32 billion, indicating likely institutional capitulation. BlackRock's IBIT led the industry with $27.79 billion in trading volume, accounting for nearly 70% of the total, according to data source SoSoValue. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . On Friday alone, these funds recorded over $11.01 billion in trading volume, with BlackRock's IBIT contributing $8 billion. Capitulation The record-setting activity comes hand-in-hand with a plunge in bitcoin's price and large redemptions, pointing to institutional capitulation – the rush by investors to exit the fading bets. Bitcoin's price has dropped 23% this month to $86,700, falling to nearly $80,000 on some exchanges last week. BlackRock's IBIT has also fallen to its lowest level since April. BTC's price slide has pushed most ETF holders underwater, as the weighted-average entry price for holders is above $90K, according to Bianco Research. It's no surprise that the 11 ETFs have cumulatively processed record redemptions worth $3.55 billion this month. The record redemptions challenge the prevailing belief that these entities take long-term positions, suggesting a possibility that fears of an impending macroeconomic blowup are driving this capitulation. Bitcoin News ETFs Markets AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. 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