U.S. spot bitcoin ETFs recorded $532.2 million in internet inflows on Could 4, marking a 3rd consecutive session of constructive flows as bitcoin climbed again above $80,000.
The three-day run has added a mixed $1.18 billion in capital, following inflows of $629.7 million on Could 1 and $14.8 million on April 30.
BlackRock and Constancy dominate
BlackRock’s IBIT led Monday’s session with $335.5 million in internet inflows, whereas Constancy’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, together with Grayscale’s GBTC, reported zero flows for the day, with no merchandise posting outflows.
Cumulative totals climb
As of Monday, the cumulative whole internet influx into the 13 spot bitcoin ETFs stands at $59.3 billion.
Whole internet belongings held by these funds have reached $106.4 billion, representing 6.7% of bitcoin’s whole market capitalization.
The ETF influx surge coincided with bitcoin regaining the $80,000 stage early Monday, a transfer technical analysts cited as a breach of a serious psychological resistance zone.
Bitcoin was altering fingers at round $80,630, up 1.1% over the prior 24 hours.
Ether ETFs additionally see positive factors
U.S. spot ether ETFs recorded $61.3 million in internet inflows on the identical day, once more led by BlackRock and Constancy.