ETF Markets Regain Momentum as Blackrock’s IBIT Powers $422 Million Bitcoin Inflow
After a minor setback, bitcoin ETFs roared back with $422 million in net inflows, led by Blackrock’s IBIT. Ether ETFs also ended the day positively, adding $6.49 million to continue their recovery.
Bitcoin ETF Inflows Surge After Brief Pause Along With Decent Recovery for Ether ETFs
A brief pullback was quickly forgotten as U.S. bitcoin ETFs stormed back into positive territory on Thursday, May 1, with a powerful $422.45 million in net inflows. The resurgence reaffirmed investor appetite after Wednesday’s outflow.
Blackrock’s IBIT once again dominated the field, hauling in a staggering $351.38 million, more than 80% of the day’s total inflow. The bullish momentum didn’t stop there. Grayscale’s BTC and Bitwise’s BITB brought in $41.92 million and $38.39 million, respectively.
Fidelity’s FBTC added $29.52 million,
