Bitcoin ETFs Continue to Bring in Strong Inflows With Ether ETFs Ending Losing Streak
Bitcoin exchange-traded funds (ETFs) kept the inflow trend alive with $321 million in net entries, driven primarily by Blackrock and Fidelity. Meanwhile, ether ETFs ended their three-day outflow streak with a modest $18 million inflow led solely by Blackrock.
Momentum in the bitcoin ETF market remained unshaken on the last day of the trading week, with Friday, May 9, marking another powerful session of inflows. The inflows totaled $321.46 million, with the day’s net gain underscoring continued institutional confidence.
Blackrock’s IBIT once again carried the day, raking in a massive $356.20 million, while Fidelity’s FBTC added $45 million. That said, the positive movement wasn’t unanimous. Grayscale’s GBTC posted a sizable $65.16 million outflow, and Bitwise’s BITB saw $14.59 million exit. Still, the gains held firm.
Total trading volume reached $2.67 billion, and net assets for bitcoin ETFs surged to $121.19 billion, reaffirming the segment’s upward trajectory this month.
Source: Sosovalue
In the ether ETF segment, sentiment turned cautiously optimistic. A $17.61 million inflow into Blackrock’s ETHA brought the category back into the green after 3 straight days of outflows. No other ether ETFs recorded movement, but it was enough to push total net inflows to $18 million.
Ether ETF volume also surged to $620.39 million, and net assets climbed to $8.02 billion, breaking above the $8 billion mark for the first time in weeks.
With bitcoin ETFs powering ahead and ether showing signs of recovery, the digital asset ETF space appears to be finding a renewed spring footing.