Bitcoin ETF Inflows Dip, But Assets Keep Climbing

While Bitcoin’s price has recently rebounded, the enthusiasm for spot ETFs appears to be cooling. Weekly inflows into U.S. Bitcoin ETFs have dropped sharply, signaling a pause in aggressive institutional accumulation.

For the week ending May 8, total net inflows fell to just $599 million, down from $1.81 billion the previous week and well below the late-April surge of $3 billion. This marks the weakest inflow since mid-April, despite Bitcoin hovering around its highs.

Yet the pullback hasn’t dented overall fund growth. Thanks to price appreciation, total assets held across all Bitcoin ETFs have now reached $121.2 billion—up nearly $8 billion in just one week. BlackRock’s IBIT remains dominant, accounting for more than half that figure with $64.4 billion in assets and leading daily inflows with $356 million on May 9.

Other notable players include Fidelity’s FBTC at $20.5 billion and Grayscale’s GBTC at $19.4 billion, though GBTC continues to see outflows. Meanwhile, cumulative ETF inflows since launch have reached $41 billion, suggesting new capital still makes up a sizable chunk of the total.

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Trading activity also cooled last week. Weekly turnover dropped to $9.27 billion, down from $13.2 billion, indicating reduced short-term positioning. Still, daily flows remained strong, with $2.67 billion in volume on May 9 alone.

Despite the slowdown in weekly inflows, the overall trend remains upward. With price gains pushing ETF valuations higher and new money continuing to trickle in, the institutional presence in Bitcoin remains firmly intact.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.