U.S. spot bitcoin exchange-traded funds (ETFs) recorded a net inflow of $14.76 million on May 1, breaking a three-day streak of outflows. The turnaround, however, was uneven across issuers, highlighting a selective return of institutional demand.
Bitcoin ETFs: BlackRock and Fidelity Lead the Recovery
BlackRock's IBIT attracted $26.61 million and Fidelity's FBTC added $19.05 million, together offsetting outflows from other funds. Valkyrie's BRR lost $8.62 million, Ark/21Shares' ARKB saw $6.34 million exit, and Grayscale's GBTC shed $5.94 million. Smaller outflows also hit Invesco's BTCO, Bitwise's BITB and VanEck's HODL. Total trading volume stood at $1.40 billion, with net assets under management rising back to $100.53 billion.
Ether ETFs Extend Losing Streak to Four Days
Ether ETFs posted a net outflow of $23.64 million, marking the fourth consecutive session of capital flight. BlackRock's ETHA bled $50.57 million, while Bitwise's ETHW, Grayscale's ETHE and Fidelity's FETH also saw withdrawals. Yet demand pockets emerged: BlackRock's ETHB pulled in $29.10 million and Grayscale's Ethereum Mini Trust added $4.72 million. Trading volumes hit $339.87 million, with net AUM of $13.25 billion.
XRP and Solana ETFs Return to Negative Territory
XRP ETFs recorded a net outflow of $5.83 million, entirely from Bitwise's XRP product, reversing the prior day's inflow. Solana ETFs saw activity for the first time in three sessions, with Grayscale's GSOL experiencing a $1.24 million outflow. XRP ETF AUM ended at $1.04 billion, while Solana ETF AUM stood at $849.48 million.
Market Outlook: Fragile Recovery with Cautious Tone
The broader ETF landscape remains hesitant. Bitcoin's return to inflows suggests institutional interest hasn't vanished, but the lopsided distribution points to a risk-off recalibration. Persistent weakness in ether and renewed outflows in smaller altcoin ETFs indicate investors are still adjusting exposure. Whether bitcoin's uptick can evolve into a sustained trend depends on broadening confidence across the ETF complex.