Bitcoin and Ether ETFs pull in $731 million on May 1

Crypto ETF demand snapped back on May 1, with Bitcoin and Ethereum products posting a combined $731 million in net inflows after a week marked by heavy redemptions. Data from Farside Investors shows Bitcoin ETFs led the rebound, attracting $629.8 million. BlackRock's iShares Bitcoin Trust (IBIT) took in $284.4 million, followed by Fidelity's FBTC with $213.4 million and ARK Invest's ARKB with $88.5 million. The turnaround comes after late-April weakness. Bitcoin ETFs logged net outflows of $137.6 million on April 29 and $23.5 million on April 30, after a larger $263.2 million outflow reported as of April 27. Ethereum ETFs added $101.2 million on May 1, reversing two straight days of withdrawals. Ether ETF products saw redemptions of $87.8 million on April 29 and $23.7 million on April 30. Earlier in the month, Ethereum ETFs also recorded outflows of $75.9 million on April 23 and $50.4 million as of April 27. XRP-focused ETF products are expanding at a slower pace, according to XRP Insights. Total assets under management are estimated at $1.12 billion, with roughly 828.33 million XRP locked, or about 0.8283% of total supply. Weekly net inflow stands at 11.28 million XRP, equivalent to about $15.68 million. Solana ETF products recorded zero flows. On price action, analyst Michaël van de Poppe said Bitcoin could be setting up for a move higher, citing the start-of-month pattern where fresh ETF inflows often coincide with an uptick before a later-month softening. He highlighted resistance at $86,000–$88,000 and around the 50-week moving average near $93,000–$95,000, adding that a move into the latter zone would signal the end of the bear market. Van de Poppe's chart suggests Bitcoin is consolidating above the $71,000–$73,000 support area, a range he views as critical to hold as price approaches overhead resistance.