- BlackRock’s IBIT led Bitcoin ETF inflows on May 6 with 5,613 BTC added, driving its holdings past 620,000 BTC and $58.5B in assets.
- Total Bitcoin ETF net assets rebounded to $111.15B as strong inflows mirrored Bitcoin’s price rally to nearly $95,000 in early May.
- Ethereum ETFs posted mixed flows, with Fidelity’s FETH gaining 20,652 ETH while Grayscale’s ETHE lost nearly 15,000 ETH this week.
Bitcoin exchange-traded funds (ETFs) recorded a combined net inflow of 4,462 BTC worth $420.92 million on May 6. BlackRock’s iShares Bitcoin Trust (IBIT) led the market, adding 5,613 BTC in a single day and growing total holdings to 620,252 BTC.
iShares Leads Daily and Weekly Bitcoin ETF Activity
The BlackRock-managed IBIT continues to dominate inflows across all U.S.-based spot Bitcoin ETFs. According to a post by Lookonchain, the fund has now surpassed $58.5 billion in assets and recorded 16 consecutive days of net inflows. Its latest daily addition, valued at $529.5 million, further separates IBIT from competitors.
Over the past seven days, IBIT accumulated 21,316 BTC, far more than any other fund. Fidelity Wise Origin Bitcoin Fund reported a one-day outflow of 611 BTC and a weekly loss of 1,874 BTC. ARK 21Shares posted the largest outflow, losing 2,499 BTC across the week, while other ETFs like Bitwise and Valkyrie also showed consistent declines.
ETF Net Assets Rebound with Bitcoin Price Action
Bitcoin ETF inflows surged alongside a rebound in market confidence during early May. According to a report by Sosovalue, total ETF net assets reached $111.15 billion as of May 6, tracking closely with Bitcoin’s price, which hit $94,963.50. Inflows above $500 million occurred multiple times in April, marking a shift from the heavy outflows seen in March.
The report emphasized that daily changes in ETF net flows directly influenced both asset valuations and Bitcoin price direction. From November through January, net assets consistently grew, peaking above $120 billion before sliding below $90 billion by early April. Inflows resumed mid-April, propelling net assets back over the $110 billion mark.
Ethereum ETFs Lag Behind Despite Select Gains
Ethereum-based ETFs recorded mixed flows, contrasting with Bitcoin’s bullish momentum. BlackRock’s ETHA reported a seven-day gain of 10,898 ETH with no daily inflow. Grayscale ETHE lost 14,932 ETH over the week, while Fidelity’s FETH gained 20,652 ETH.
Total Ethereum ETF holdings stood at 3.47 million ETH valued at $6.14 billion. One-day net outflows totaled 211 ETH, while the seven-day inflow reached 22,543 ETH. Shifting liquidity patterns introduce additional considerations for fund managers evaluating exposure to the ETH market amid BTC’s sustained dominance.
