BlackRock and Fidelity Drive $532 Million Inflow into U.S. Spot Bitcoin ETFs
U.S. spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) registered substantial net inflows of $532 million on May 4, extending a positive streak to three consecutive trading sessions. This significant capital influx was predominantly fueled by institutional giants BlackRock's IBIT and Fidelity's FBTC, which together contributed approximately $520 million to the total, as reported by SoSoValue Crypto. In parallel, U.S. spot Ethereum (ETH) ETFs also demonstrated robust performance, attracting $61.29 million in net inflows on the same date. BlackRock's ETHA product emerged as the primary driver within the Ethereum ETF sector, securing $54 million of these inflows, highlighting continued investor interest across major crypto assets.