TLDR
- U.S. spot Bitcoin ETFs recorded two consecutive months of net inflows totaling $3.29 billion.
- The 11 funds added $629 million in net inflows at the start of May, according to SoSoValue.
- Cumulative net inflows have reached $58.72 billion since their launch in January 2024.
- The current total remains below the October peak of $61.19 billion.
- Bitcoin traded above $126,000 in October when ETF inflows hit their highest level.
U.S.-listed spot Bitcoin ETFs have posted two straight months of net inflows, signaling a steady return of capital into the products. Data from SoSoValue shows issuers attracted $3.29 billion over the past two months. However, cumulative totals still trail the October high, when bitcoin reached a record price.
Bitcoin ETFs Record Fresh Monthly Gains
The 11 U.S.-listed spot Bitcoin ETFs added $629 million in net inflows on Friday, according to SoSoValue. As a result, May opened with positive momentum for the group.
Over the past two months, the funds have collected $3.29 billion in new capital. Fund managers reported consistent daily subscriptions, and they maintained steady trading volumes during the period.
SoSoValue data shows cumulative net inflows have reached $58.72 billion since January 2024. However, this total remains below the $61.19 billion record set in October.
In October, bitcoin’s spot price climbed above $126,000. At that time, ETFs recorded their highest cumulative inflow level since launch.
Market data indicates bitcoin now trades near $79,034. The current price stands well below the October peak but above earlier yearly lows.
Recovery Trails Prior Outflow Period
Between November 2025 and February 2026, ETFs recorded $6.38 billion in net outflows. During that period, bitcoin’s price fell from over $100,000 to nearly $60,000.
The outflow stretch reduced cumulative totals and erased part of the earlier inflow gains. As a result, the current recovery has not yet restored October’s record level.
SoSoValue figures confirm that recent inflows have offset part of the $6.38 billion withdrawal. However, they have not fully covered the gap created during the four-month decline.
Bitcoin ETFs have now stabilized after the withdrawal phase. Daily flow data shows more balanced subscription patterns since March.
The funds’ asset totals reflect both price movement and investor subscriptions. Therefore, cumulative inflows depend on sustained additions over time.
SoSoValue reported that cumulative inflows stood at $58.72 billion at the latest update. That figure compares with the $61.19 billion high recorded in October 2025.
The data shows a difference of $2.47 billion between the current level and the peak. This gap highlights the incomplete nature of the rebound.
Issuers continue to report daily inflow updates through May. Friday’s $629 million addition marked one of the stronger single-day totals this month.
Bitcoin’s spot price remains below its lifetime high of over $126,000. Price movements continue to influence total assets held by the ETFs.
The 11 funds launched in January 2024 and have since tracked spot bitcoin prices. Their combined performance reflects both market price shifts and net investor flows.
Recent inflows confirm renewed demand for regulated bitcoin exposure. However, cumulative figures show totals have yet to surpass the October record.
