Bitcoin exchange trade funds recorded an influx of $422 million, led by BlackRock's IBIT, adding $351 million on May 1.
Farside investors data shows that it defeated an eight-day winning streak following Thursday's outflow, bringing the cumulative net flow of US publicly listed spot Bitcoin ETFs back to $39.5 billion (including grayscale outflows).
As Bitcoin prices continue to far exceed the launch prices of ETFs, the total Bitcoin ETF AUM across both spot funds reached $112 billion. BlackRock's IBIT alone had a total influx of $58 billion, or 597K BTC.
The gap between net cumulative flow rate and aum is mainly Since these inflows arrived, due to the rising prices of Bitcoin (and some small items like cash, fees, rounding, etc.). Net inflow is a past cost; AUM is marked on the market.
Fidelity's FBTC and Bitwise's BITB earned less than $29.5 million and $38.4 million, respectively, while Grayscale's GBTC recorded a net inflow of $16 million after a long outflow.
providertickerfee30 APR (US$m) May 1 (US$m) Total (US$m) BlackRockibit0.25%267.0351.443,006FidelityFBTC0.25%-137.529.51,664BitWiseBitb0 .20%-23.038.42,060ARKARKB0.21%-130.8-87.22,653INVESCOBTCO0.25%0.010.6114FrankLineZBC0 .19%0.00.0261Valkyriebrr0.25%0.00.0311Vaneckhodl0.20%0.021.9887Wtreebtcw0.25%0.00.03 7GraysCaleGBTC1.50%-32.016.0-22,747GRAYSCALEBTC0.15%0.041.91,288TOTAL-56.3422.539,532
As Bitcoin exceeded $97,000 on May 2nd, new inflows arrived, bringing attention to the feedback loop between spot prices and ETF demand.
The gap between the largest publishers remains wide. BlackRock and Fidelity benefit from deep distribution networks, but smaller players like Valkyrie and Vaneck recorded little or no daily flow.
Competitive pressures may increase as grayscale takes into account pricing adjustments for stem runoff and maintains relevance in rapidly mature ETF landscapes.
