The US Bitcoin ETFs are significantly indicative of the prevailing bullish sentiments currently permeating the crypto market. Following an impressive performance in the third week of April marked by $3.06 billion in net inflows, these Bitcoin ETFs successfully retained investors’ interest by attracting almost $2 billion in deposits over the past week. Notably, Bitcoin has recently experienced a market rebound, with prices shifting from $84,000 to $97,000 over the past two weeks. The increasing inflows to Bitcoin indicate robust market demand supporting this resurgence, suggesting the possibility of a sustained upward trend.
Data from ETF tracking platform SoSoValue indicates that the US Bitcoin Spot ETFs experienced net inflows of $1.81 billion as the market transitioned into May. This marks the third-largest weekly inflow in 2025, as institutional investors are actively reallocating their capital into the cryptocurrency sector and its associated markets. In a well-known narrative, BlackRock’s IBIT garnered the most significant investments, achieving net inflows exceeding $2.48 billion. On Friday, May 2nd, IBIT represented the entirety of deposits, amounting to $674.91 million, showcasing a remarkable level of market dominance.
Additional ETFs that saw a net inflow comprise Grayscale’s BTC, VanEck’s HODL, and Invesco’s BTCO, with capital allocations varying between $10 million and $41 million. In the interim, Fidelity’s BTCO experienced the most significant weekly net outflow, totaling $201.90 million, during a week that ultimately reflected bearish sentiment for the second-largest Bitcoin ETF. Grayscale’s GBTC and Bitwise’s BITB recorded net withdrawals ranging from $30 million to $60 million. Franklin Templeton’s EZBC, Wisdom Tree’s BTCW, Hashdex’s DEFI, and Valkyrie’s BRRR are currently experiencing no market flows. In the wake of a bullish trading week, the cumulative total net inflow for US Bitcoin Spot ETFs stands at $40.24 billion. Meanwhile, total net assets are currently valued at $113.15 billion, which accounts for 5.87% of Bitcoin’s market capitalization.
In conjunction with the revival observed in Bitcoin-related investments, Ethereum Spot ETFs are witnessing a significant recovery, having accumulated more than $250 million in net inflows during the last fortnight. In the most recent trading week, these ETFs experienced inflows totaling $106.75 million, with BlackRock’s ETHA representing the largest portion of this amount. Currently, these ETFs exhibit a combined net inflow of $2.51 billion and total net assets amounting to $6.40 billion, accounting for 2.87% of the Ethereum market capitalization. At the time of writing, Ethereum is trading at $1,845, reflecting a 0.49% decrease over the last 24 hours. Meanwhile, Bitcoin is currently valued at $95,514.