U.S. bitcoin spot exchange-traded funds pulled in $532 million in net inflows on May 4, marking a third straight day of positive flows. Ether spot ETFs followed suit, adding $61.29 million on the same day. The back-to-back gains suggest institutional appetite for crypto exposure hasn't cooled off this spring.
Three days, $1B+
The May 4 haul brings the three-day total for bitcoin ETFs past the $1 billion mark — a solid run by any measure. Each day this week has seen fresh capital come in, reversing a brief lull in late April. The streak started May 2 with a modest inflow, accelerated May 3, and hit $532 million on Monday. That's the kind of momentum fund issuers like to see.
Ether ETFs ride along
Ether spot funds pocketed $61.29 million on May 4, a decent number but still a fraction of bitcoin's volume. The ether products have struggled to attract the same institutional weight since their launch last year. Still, consistent inflows — even smaller ones — signal that allocators are warming up to the asset class beyond just bitcoin.
What next
The question now is whether the streak holds through the rest of the week. Tuesday's data will tell us if Monday was a one-off or the start of a longer run. No major macro catalysts are on the calendar for the next few days, so the flows are likely driven by portfolio rebalancing and spot demand rather than policy news. For now, the tape is green.
