U.S. Bitcoin ETFs Resume Inflows With $422.5 Million Led by BlackRock After April $56.3M Outflows and BTC Near $97,000

By: defi news|2025/05/02 21:00:04
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U.S. Bitcoin exchange-traded funds (ETFs) experienced a break in their eight-day inflow streak on April 30, 2025, with $56.3 million in outflows, attributed in part to investor caution ahead of GDP and PCE data releases. Despite this, April saw a total inflow of approximately $2.96 billion into Bitcoin ETFs, with holdings increasing by 32,521 BTC to a record 1,337,814 BTC valued at $128 billion, representing 6.4% of all Bitcoin ever to exist. The U.S. market dominates with an 87% share of global Bitcoin ETF holdings. On May 1, Bitcoin ETFs returned to net inflows, gaining $422.5 million, led by BlackRock, which accounted for $351 million of the inflows and has maintained a 13-day streak of buying 37,000 BTC. This renewed inflow coincided with Bitcoin prices hovering just below $97,000 and the cost basis ribbon for short-term holders indicating a return to profitability, signaling potential positive market momentum. Meanwhile, Ether (ETH) ETFs showed weaker performance, with continued net outflows on May 1, despite a $6.5 million inflow on the same day and ETH prices holding above $1,800. Fidelity has been the main buyer in ETH ETFs recently, while Grayscale has seen notable sell-offs. The slight outflow on April 30 and early May was linked to investor caution around economic data, but inflows resumed as prices recovered, with BlackRock playing a key role in sustaining ETF demand.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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