Bitcoin ETF Inflows Surge After Brief Pause Along With Decent Recovery for Ether ETFs
After a minor setback, bitcoin ETFs roared back with $422 million in net inflows, led by Blackrock’s IBIT. Ether ETFs also ended the day positively, adding $6.49 million to continue their recovery.
A brief pullback was quickly forgotten as U.S. bitcoin ETFs stormed back into positive territory on Thursday, May 1, with a powerful $422.45 million in net inflows. The resurgence reaffirmed investor appetite after Wednesday’s outflow.
Blackrock’s IBIT once again dominated the field, hauling in a staggering $351.38 million, more than 80% of the day’s total inflow. The bullish momentum didn’t stop there. Grayscale’s BTC and Bitwise’s BITB brought in $41.92 million and $38.39 million, respectively.
Fidelity’s FBTC added $29.52 million, Vaneck’s HODL contributed $21.86 million, and Grayscale’s GBTC chipped in $16.01 million. Even Invesco’s BTCO got in on the action with $10.61 million. The lone blemish was a sizable $87.23 million outflow from Ark 21shares’ ARKB, but it wasn’t enough to weigh down the day’s totals.
Source: Sosovalue
Trading volume surged to $3.52 billion, with total net assets climbing back above the psychological $110 billion mark to close at $111.99 billion.
Ether ETFs also posted a solid day with $6.49 million in net inflows. Grayscale’s ETH led the charge with $11.98 million, while Fidelity’s FETH brought in $6.47 million. The only outflow was Grayscale’s ETHE, which saw $11.96 million exit the fund. Overall trading volume reached $240.71 million, and total net assets rose to $6.39 billion.
Momentum appears to be building once more as ETF flows tilt firmly back into positive territory.
