News View Non-AMP

Binance Dominates Bitcoin & Ethereum Trading Despite ETF Growth

Published by
Nidhi Kolhapur and Zafar Naik

Bitcoin and Ethereum are seeing major activity as both retail and institutional investors pour money into exchanges and ETFs.

Spot Bitcoin ETFs Gain Momentum

U.S. spot Bitcoin ETFs are emerging as a key player in the market. On high-volume days, they handle between $5–10 billion in trades, sometimes surpassing most crypto exchanges. This highlights the growing role of institutional investors in the Bitcoin’s market.

Binance Still Leads Bitcoin and Ethereum Trading

Despite the rise of ETFs, exchanges remain the primary choice for traders. Data from CryptoQuant shows Binance consistently leading spot trading volumes for both Bitcoin and Ethereum. On peak days, Bitcoin trading on Binance reaches $18 billion, while Ethereum ranges between $8.8–11.1 billion.

Ethereum trading, in particular, remains exchange-driven. Since the 2024 U.S. presidential election, Binance has captured 35% of Ethereum spot trading, followed by Crypto.com at 20%. ETFs only account for 4%, showing slower institutional adoption compared to Bitcoin.

Ethereum ETFs Attract Strong Inflows

Even so, Ethereum ETFs are gaining traction. Over the past four trading days, they pulled in $1.24 billion, more than double the $571.6 million that flowed into Bitcoin ETFs over the same period. According to SoSoValue, Ethereum ETFs now hold a net total of $13.68 billion as of August 28.

ETFs vs Spot and Derivatives: Who Really Drives the Market?

Analyst Darkfrost argues that ETFs aren’t the only force moving prices. While ETF inflows do play a role, especially for Ethereum, he says the real action remains in spot and derivatives markets.

At the same time, Binance is seeing a shift in investor behavior. The average deposit size has surged from 0.8 BTC in early 2024 to 13.5 BTC today, showing that whales are becoming more active on the platform. Once considered a retail-focused exchange, Binance now appears to be attracting bigger players this cycle.

Market Cooling Before the Next Leg?

CryptoQuant analysts note that 90% of Bitcoin supply is currently in profit, a level that has historically signaled market euphoria and preceded pullbacks. They believe the market is settling into a slower, longer cycle. Unlike past sharp surges, today’s growth is flattening due to ETF influence and institutional participation.

Capital is also beginning to flow into altcoins, which can temporarily dampen momentum in Bitcoin and Ethereum. However, analysts point out that a potential September rate cut and possible altcoin ETF approvals in October could trigger a fresh uptrend heading into fall and winter 2025.

FAQs

Are Bitcoin ETFs bigger than crypto exchanges?

On high-volume days, U.S. spot Bitcoin ETFs handle $5-10B in trades, sometimes surpassing individual crypto exchanges, highlighting major institutional influence.

Are whales active on Binance?

Yes. The average deposit size on Binance surged from 0.8 BTC to 13.5 BTC in 2024, indicating increased activity from large investors (whales).

What is the current market outlook?

90% of Bitcoin supply is in profit, often signaling a pullback. However, rate cuts and altcoin ETF approvals could fuel a new uptrend.

Nidhi Kolhapur and Zafar Naik

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Recent Posts

Analyst Shares Key Insight on the XRP Price, Explosive $100 Moonshot Possible

The XRP Price is back in the spotlight after a crypto analyst shared a key…

October 10, 2025

Ripple News: Ex-SEC Official Questions $17M XRP Purchase by NASDAQ-Listed Company With Only $2M Cash

A report circulating across crypto media claims that Reliance Group Global has added $17 million…

October 10, 2025

Ozak AI at $500M Market Cap Means $20 Token Price from $0.012—Realistic Bull Market Target

Ozak AI is quickly emerging as one of the most exciting blockchain projects of 2025,…

October 9, 2025

Best Altcoins for 2025: 4 Tokens Set to Outperform Ethereum and Solana

The crypto bull run of 2025 shows no signs of slowing down. As such, investors…

October 9, 2025

Top 3 Meme Coins to Buy as Bitcoin’s Final Act in Q4 is Set to Push It Past $130,000

Bitcoin (BTC) continues to dominate market sentiment in 2025, with analysts suggesting its final quarter…

October 9, 2025

Top Altcoins to Buy Ahead of Government Shutdown End and ETF Season

The ongoing U.S. government shutdown has paused many SEC operations, including the review and approval…

October 9, 2025