Spot Bitcoin ETFs Attract $1.6 Billion in Four Days
United States spot Bitcoin (BTC) exchange-traded funds (ETFs) have recorded a net cash inflow of approximately $1.644 billion over four consecutive days through May 5, according to data from SoSoValue. The inflows have increased total Bitcoin holdings across spot BTC ETFs to $108.98 billion at the time of reporting.
Fund-Specific Performance
BlackRock’s iShares Bitcoin Trust (IBIT) led inflows during the period, registering approximately $890 million in net cash inflow over the four days. This inflow increased IBIT’s net Bitcoin holdings to more than 818,146 BTC, valued at over $65.47 billion at press time.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) also recorded four consecutive days of inflows, with investors purchasing BTC valued at more than $557 million. FBTC’s notional value reached $15.7 billion as a result.
In contrast, Grayscale Bitcoin Trust (GBTC) continued to experience outflows, with net assets declining by approximately $151 million since April 20 to nearly $12.28 billion.
Bitcoin Price Movement
Following the consecutive cash inflows into spot Bitcoin ETFs, BTC gained bullish momentum. Over the past seven days, Bitcoin surged more than 5.5%, trading around $81,950 on Wednesday. The cryptocurrency’s market capitalization climbed to approximately $1.6 trillion, its highest level since late January 2026.
However, according to Finbold, spot investors have accelerated profit-taking in recent days amid the mild BTC price rebound.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Eric Trump Criticizes JPMorgan's Shift on Bitcoin After Previous Dismissal
Eric Trump, U.S. president's son and co-founder of American Bitcoin, commented on the turnaround from traditional institutional firms now embracing bitcoin. His remarks highlight a shift in stance from JPMorgan and similar institutions that previously dismissed the
GateNews1h ago
Project Eleven Warns Q-Day Could Hit as Early as 2030, With 6.9M Bitcoin at Risk
According to Project Eleven's Wednesday report, quantum computers could break modern encryption as early as 2030, with the startup estimating that 6.9 million bitcoins, worth more than $560 billion, could be exposed to quantum risk under certain conditions.
The post-quantum security-focused startup
GateNews1h ago
Core Scientific Acquires Bitcoin Miner Polaris for $421M, Expands AI Data Center Operations
According to The Block, Core Scientific acquired Polaris DS LLC for approximately $421 million today (May 6), securing a 440-megawatt power contract with Oklahoma Gas & Electric to expand its AI and high-performance computing hosting business. The Polaris facility, located in Oklahoma and
GateNews5h ago
Top 3 Cryptos by Market Cap Gain Up to 36% Today; ZEC Leads, TON Up 25.24%
According to CoinMarketCap data, today (May 6) the top three gainers among the top 100 cryptocurrencies by market cap were Zcash (ZEC), rising 36% to $586.42; Toncoin (TON), up 25.24% to $2.3; and Dash (DASH), gaining 21.47% to $55.22.
GateNews5h ago
CleanSpark CTO: AI/HPC Infrastructure Requires More Network Resources Than Bitcoin Mining
According to a CoinDesk interview, CleanSpark Chief Technology Officer Taylor Monnig stated that transitioning from Bitcoin mining to AI/HPC infrastructure requires more redundancy and less improvisation. "A single rack's network fiber exceeds that of an entire Bitcoin mining facility," Monnig
GateNews6h ago
21Shares Lists Strategy Yield ETN on London Stock Exchange, Offering 11.50% Yield
According to The Block, 21Shares launched its Strategy Yield ETN (STRC) on the London Stock Exchange on Wednesday (May 6), tracking Strategy Inc.'s perpetual preferred equity linked to the company's bitcoin-focused reserve policy. Strategy, the world's largest corporate bitcoin holder with 818,334 B
GateNews6h ago
