The U.S. market witnessed a remarkable surge in activity for spot Bitcoin exchange-traded funds (ETFs) this morning, surpassing $2 billion in trading volume within the initial two hours of trading. This unprecedented level of early participation marks one of the most intense launches for crypto-linked ETF products, indicating both institutional and retail investors are actively engaging as they navigate Bitcoin’s price movements and broader market conditions. The historical performance comparison shows a significant difference compared to traditional ETF launches, where volumes often hover far below the levels seen today. 🔍 Historical Comparisons When spot Bitcoin ETFs first launched, trading volume reached highs of $9.7 billion during volatile sessions, highlighting the rapid increase in interest. On the other hand, newly-launched altcoin-based crypto ETFs (like XRPR XRP ETF) experienced much lower initial volumes, often in the tens of millions on their debut days— a stark contrast to the current market activity.