On May 2, Bitcoin and Ethereum ETFs saw positive net inflows, with BlackRock as the main driver across both markets.
Record Inflows for Bitcoin ETFs
Bitcoin ETFs posted a total net inflow of $674.91 million, with all twelve funds reporting zero outflows. BlackRock’s IBIT accounted for the entire daily inflow, pushing its cumulative total to $43.68 billion. IBIT now leads the market with $59.64 billion in net assets, representing over 52% of the total Bitcoin ETF assets of $113.15 billion.
Moderate Inflows for ETHA
Ethereum ETFs saw a combined net inflow of $20.10 million, bringing total cumulative inflows to $2.51 billion. BlackRock’s ETHA accounted for the full day’s inflow, reinforcing its position as the dominant Ethereum ETF. ETHA now holds $2.33 billion in net assets and recorded $84.49 million in daily trading volume.
Institutional Preferences
The ETF market continues to show a strong preference for established fund managers offering low fees and institutional-grade trust. BlackRock leads across both Bitcoin and Ethereum ETF products, controlling a large share of investor capital. While Ethereum ETF adoption is growing, it remains comparatively smaller, holding only 2.87% of Ethereum’s market cap compared to Bitcoin’s broader ETF adoption footprint.
In summary, May 2 was a significant day for Bitcoin and Ethereum ETFs, highlighting the active interest of institutional investors, particularly towards BlackRock's offerings.
