Just two months after their introduction, U.S. spot bitcoin exchange-traded funds have captured nearly 90% of the daily trading volume market share for ETFs offering price exposure to bitcoin.

Bitcoin futures ETFs, introduced in 2021, now hold a mere 10% share.

That marks an all-time high percentage for the daily volume market share of spot bitcoin ETFs, according to The Block’s Data Dashboard. The numbers highlight investors' strong preference for direct exposure to bitcoin via ETFs over products based on bitcoin futures contracts.

Indeed, the trading volume for spot bitcoin ETFs has remained robust since their Jan. 11 launch, reaching a total of $113.5 billion to date. BlackRock’s IBIT, Grayscale’s GBTC and Fidelity’s FBTC funds have been the leading contributors to this volume, …