According to Eric Balchunas, the 2025 list of the Top 20 most traded ETFs shows significant shifts, with $VOO at #5 potentially challenging $SPY for the top spot in liquidity and volume. Notably, $IBIT, a spot Bitcoin ETF, and $TSLL, a leveraged Tesla ETF, have made the list despite being relatively new. The rapid rise of $IBIT reflects increasing mainstream adoption of crypto-linked financial products, signaling growing institutional and retail interest in BTC and blockchain-related assets. This trend could enhance overall liquidity and volatility in the broader cryptocurrency market. Source: Eric Balchunas on Twitter, June 11, 2025.