March was a banner month for volume in the nascent spot bitcoin ETFs. 

In March, trading volume for spot bitcoin ETFs surged to $111 million, nearly tripling February's total of $42.2 billion, according to Yahoo Finance compiled on The Block Data Dashboard. February marked the first full month of trading since the products debuted on January 11, and the significant increase in March highlights the growing interest in these new crypto-based financial instruments. 

Bloomberg Senior ETF Analyst Eric Balchunas took to X to point out how important last month was in terms of total trading volume. "Bitcoin ETFs traded $111 billion in March, which is just about triple what they did in February and January," he said. "I can't imagine April will be bigger but who knows."

BlackRock, …