BlackRock's iShares Bitcoin Trust has achieved a daily average trading volume of $16 billion to $18 billion, according to Kaiko data. This volume is approaching the scale of Binance's spot market and is more than double Coinbase's daily average of $6 billion to $8 billion. Additionally, the proportion of global Bitcoin spot trading volume during U.S. trading hours has increased to 47%, up from 38% before the ETF's launch.