Webull Offers Wagers on Bitcoin Futures Prices with Kalshi Partnership

Webull has partnered with Kalshi to offer wagers on future Bitcoin prices. The expansion lets customers bet on the future price of Bitcoin or Ethereum, with a focus on financial events. Webull US CEO Anthony Denier said the company is taking a conservative approach to event-contracts and aims to give customers as many options as possible. The company is also planning to offer crypto spot trading on its platform before the end of 2025.

In a significant milestone for the cryptocurrency market, U.S. spot Bitcoin exchange-traded funds (ETFs) are poised to hit $1 trillion in cumulative trading volume within the next couple of days. This achievement, less than 18 months after their launch, underscores the rapid growth and increasing popularity of Bitcoin ETFs [1].

The Bitcoin ETFs, which were launched in January 2024, have experienced a swift trajectory, reaching $100 billion in trading volume by March 2024 and $200 billion by April 2024. The funds benefited from the all-time high of nearly $74,000 reached by Bitcoin in April 2024. However, the trading volume slowed slightly during a cooling-off phase for the crypto market, which saw Bitcoin consolidate in a range between $50,000 and $70,000 for seven months. The market's resurgence, following pro-crypto Donald Trump's U.S. presidential election victory in November 2024, led to Bitcoin breaking out of this range and reaching new all-time highs [1].

As of June 9, 2025, the cumulative trading volume of Bitcoin ETFs stands at $995.2 billion. At the current rate of $2.3 billion to $4.4 billion in daily trading volume, the $1 trillion milestone is expected to be reached soon. This milestone is particularly notable as it positions Bitcoin ETFs among the largest and most established ETF products globally, such as the Vanguard S&P 500 ETF (VOO) and the Invesco QQQ Trust (QQQ) Nasdaq-100 Index [1].

Meanwhile, U.S. spot Ethereum ETFs, launched in July 2024, have generated a cumulative trading volume of $83.4 billion so far. BlackRock's IBIT continues to dominate the spot Bitcoin ETF market by trading volume and assets under management (AUM), with a market share of over 79% as of June 9, 2025. IBIT has grown from around a 22% market share at launch to become the fastest ETF to reach $70 billion in AUM, achieving this milestone in 341 trading days [1].

In parallel with this development, Webull has partnered with Kalshi to offer wagers on future Bitcoin prices. This expansion allows customers to bet on the future price of Bitcoin or Ethereum, focusing on financial events. Webull US CEO Anthony Denier has stated that the company is taking a conservative approach to event-contracts and aims to provide customers with as many options as possible. Additionally, Webull is planning to offer crypto spot trading on its platform before the end of 2025 [2].

The rapid growth of Bitcoin ETFs and the expansion of crypto services by platforms like Webull reflect the increasing institutional interest in cryptocurrencies. As major asset managers like BlackRock integrate Bitcoin into their portfolios, the potential for substantial price appreciation becomes more apparent. Adam Back, CEO of Blockstream and a Bitcoin pioneer, predicts that a modest 2% Bitcoin allocation by BlackRock could propel Bitcoin’s price to an unprecedented $1 million [3].

References:

[1] https://www.tradingview.com/news/the_block:e9317190e094b:0-us-spot-bitcoin-etfs-set-to-hit-1-trillion-cumulative-trading-volume-milestone-in-less-than-18-months-since-launch/
[2] https://en.coinotag.com/how-blackrocks-bitcoin-allocation-could-potentially-influence-btc-price-toward-1-million-says-adam-back/
[3] https://en.coinotag.com/adam-back-suggests-blackrocks-2-bitcoin-allocation-could-influence-price-toward-1-million-mark/