March witnessed a significant surge in the trading volume of spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs), reaching $111 billion.

This figure marks a nearly threefold increase from February's trading volume of $42.2 billion, reflecting robust interest in Bitcoin investment products.

The dominant performance of Grayscale and BlackRock ETFs played a crucial role in driving this dramatic rise in trading activity.

Data provided by Bloomberg ETF analyst Eric Balchunas underscores the growing appeal of spot Bitcoin ETFs in the market.

The substantial growth in March's trading volume solidifies investor interest in spot Bitcoin ETFs, contrasting with Bitcoin futures ETFs and indicating a steady market evolution.