U.S. spot bitcoin ETFs recorded $532.2 million in net inflows on May 4, marking a third consecutive session of positive flows as bitcoin climbed back above $80,000.
The three-day run has added a combined $1.18 billion in capital, following inflows of $629.7 million on May 1 and $14.8 million on April 30.
BlackRock and Fidelity dominate
BlackRock’s IBIT led Monday’s session with $335.5 million in net inflows, while Fidelity’s FBTC added $184.6 million.
Morgan Stanley’s MSBT rounded out the three funds that posted inflows, contributing $12.2 million.
The remaining 10 funds, including Grayscale’s GBTC, reported zero flows for the day, with no products posting outflows.
Cumulative totals climb
As of Monday, the cumulative total net inflow into the 13 spot bitcoin ETFs stands at $59.3 billion.
Total net assets held by these funds have reached $106.4 billion, representing 6.7% of bitcoin’s total market capitalization.
The ETF inflow surge coincided with bitcoin regaining the $80,000 level early Monday, a move technical analysts cited as a breach of a major psychological resistance zone.
Bitcoin was changing hands at around $80,630, up 1.1% over the prior 24 hours.
Ether ETFs also see gains
U.S. spot ether ETFs recorded $61.3 million in net inflows on the same day, again led by BlackRock and Fidelity.