📈Bitcoin ETF Exodus — BlackRock Stands Alone
On May 6, Bitcoin spot ETFs recorded a sharp net outflow of $85.64 million — another red day for institutional crypto exposure. But amid the retreat, one player held firm: BlackRock’s IBIT fund saw a solid $36.73 million net inflow, once again showing its strength while the rest fled.
Ethereum spot ETFs didn’t fare better: total outflows hit $17.84 million, with all nine ETH funds showing zero inflows. That’s a clear signal — investor sentiment remains cautious, and appetite for altcoin ETF exposure is evaporating in the short term.
Still, BlackRock’s lead in the BTC ETF game grows stronger. With nearly $59B in assets under IBIT and consistent inflows, it’s clear where the market’s trust is heading when fear grips the broader sector.
Is this divergence just noise — or a sign of institutional consolidation around crypto’s biggest name?