On-chain data shows exchanges are still the main venue of Bitcoin trading, with Binance alone observing volume double that of the spot ETFs.

US Bitcoin Spot ETFs Still Account For Just 13% Of Trading Volume

In a new post on X, on-chain analytics firm CryptoQuant has talked about how the US spot exchange-traded funds (ETFs) compare to exchanges when it comes to Bitcoin trading volume .

Spot ETFs are investment vehicles that allow investors to gain exposure to BTC without having to own it. The ETFs trade on traditional platforms, so investors who aren’t familiar with the digital asset space can easily invest into the coin through them.

The spot ETFs are relatively new to the sector, having received approval from the US SEC at the start of last year. Before the ETFs, investors had t

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