Bitcoin exchange-traded funds pulled in $162.8 million in net inflows this week, snapping a recent stretch of weak performance. The bulk of that money — $136.6 million — went straight into BlackRock’s IBIT, the largest Bitcoin ETF by assets. The rebound suggests institutional appetite for BTC exposure hasn’t faded, even as the broader crypto market remains choppy.
IBIT dominates the week
BlackRock’s fund accounted for roughly 84% of all Bitcoin ETF inflows during the period. That’s a familiar pattern: IBIT has been the go-to vehicle for large buyers since its launch. The other spot Bitcoin ETFs combined contributed about $26.2 million. No single fund outside IBIT saw a breakout week — the recovery was concentrated.
Ether ETFs stay in neutral
Ether ETFs, meanwhile, continued their cautious trend. Activity was subdued across the board, with no notable surge in either direction. The asset class has struggled to generate the same momentum as Bitcoin ETFs, partly because ether’s price action has been less dramatic and partly because institutional flows into ETH products have been more measured since their debut.
XRP and Solana funds slip
The altcoin ETF space saw a slight reversal. XRP and Solana ETFs both recorded marginal outflows during the reporting period. The amounts weren’t huge, but they stand out in a week when Bitcoin was drawing fresh capital. It’s a reminder that the altcoin ETF market is still thin — a few million dollars moving one way can flip the weekly sign.
The data covers the five trading days ending May 7. Next week’s numbers will show whether the Bitcoin inflow was a one-off blip or the start of a sustained rotation back into crypto ETFs.
