TLDR
- Bitcoin ETFs recorded $260 million in combined inflows on May 7 and 8.
- The inflow momentum has slowed compared to last week but remains strong overall.
- BlackRock’s iShares Bitcoin Trust saw a sharp drop in daily inflows this week.
- Fidelity’s Wise Origin Bitcoin Fund rebounded with over $75 million in two days.
- Bitcoin prices surged past $100,000 amid easing trade tensions and positive inflation data.
Bitcoin ETF added $260 million in inflows across May 7 and 8, marking a sharp continuation of recent demand. While the inflow momentum cooled slightly, the figures remain substantial compared to April’s volatile patterns. The rise comes as Bitcoin’s price surged beyond $100,000, driven by strong macroeconomic developments and institutional activity.
BlackRock’s Bitcoin ETF Slows as Accumulation Phase Plateaus
BlackRock’s iShares Bitcoin Trust (IBIT) recorded daily inflows between $30 million and $70 million over the past two days. This marks a steep decline from late April when IBIT saw inflows near $971 million daily. The drop signals a pause in IBIT’s previously aggressive buying phase, reflecting a possible rebalancing of allocations.
Although IBIT has consistently led in the Bitcoin ETF space, its inflows have now stabilized at much lower levels. The shift may reflect a broader strategic reassessment as market conditions evolve and Bitcoin prices approach record levels. The data also indicates that BlackRock’s dominant run could enter a more tempered phase.
Meanwhile, other funds continue to gain ground, creating more competition within the Bitcoin ETF landscape. The slower pace from IBIT suggests increased diversification among institutional participants, which may lead to more balanced inflows across multiple Bitcoin ETFs.
Fidelity’s FBTC Shows Rebound with Strong Two-Day Performance
Fidelity’s Wise Origin Bitcoin Fund (FBTC) gained over $75 million in inflows across two days, showing renewed activity. This follows a weaker performance last week when FBTC faced outflows and lagged behind other Bitcoin ETFs. The new momentum strengthens Fidelity’s position as a top competitor in the spot Bitcoin ETF market.
FBTC’s recovery may reflect shifting investor preferences amid changing ETF allocation strategies. With Bitcoin prices surging, capital appears to be rotating back into funds with strong infrastructure and lower recent exposure. As a result, FBTC has started regaining traction and pulling in more consistent demand.
While still trailing IBIT in total size, FBTC’s recent gains signal a growing preference among participants for alternate ETF options. This rising demand supports a more competitive environment between leading funds. Fidelity’s renewed strength adds a dynamic shift to the ongoing Bitcoin ETF activity.
ETF Inflows Rise with Bitcoin Rally
Recent inflows into Bitcoin ETFs come amid easing trade tensions and improving macroeconomic sentiment in the United States. The approval of Bitcoin reserve laws in three states within a single day has also contributed to market confidence. Alongside these developments, positive inflation data have supported Bitcoin’s price rally.
Standard Chartered data indicates that spot Bitcoin ETF inflows reached $5.3 billion in the past three weeks. These sustained inflows highlight growing capital deployment as Bitcoin remains above the $100,000. This environment continues to support the upward trajectory of major ETFs and total sector growth.
