US Spot Bitcoin ETFs Draw $532M as BlackRock, Fidelity Lead Inflows

The U.S. spot bitcoin exchange-traded fund market maintained positive momentum on Monday, May 4, attracting $532.2 million in net inflows for a third consecutive day of gains, according to SoSoValue data. The funds have added a combined $1.18 billion in capital over the last three trading days, following inflows of $629.7 million on May 1 and $14.8 million on April 30.

Leading Fund Performance

BlackRock’s IBIT led Monday’s session with $335.5 million in net inflows, while Fidelity’s FBTC added $184.6 million. Morgan Stanley’s MSBT rounded out the three funds that posted inflows, adding $12.2 million. The remaining 10 funds, including Grayscale’s GBTC and Franklin Templeton’s EZBC, reported zero flows for the day, with no products posting outflows.

Cumulative Market Position

As of Monday, the cumulative total net inflow into the 13 spot bitcoin ETFs stands at $59.3 billion. The total net assets held by these funds has reached $106.4 billion, which represents 6.7% of bitcoin’s total market capitalization.

Bitcoin Price Context

The increase in fund participation occurred as bitcoin regained the $80,000 mark early Monday, a move that technical analysts cited as a breach of a major psychological resistance zone. Bitcoin was trading at around $80,630, gaining 1.1% in the last 24 hours, according to The Block.

Ethereum ETF Inflows

Meanwhile, U.S. spot ether ETFs recorded $61.3 million in net inflows on Monday, again led by BlackRock and Fidelity.