Bitcoin ETFs have once again extended their inflows as per the SoSoValue update as of May 2. The total daily net inflow into U.S. spot Bitcoin ETFs stood at $674.91 million. This pushed the cumulative net inflow to $40.24 billion since their launch.
Total value traded on the day reached $2.90 billion, while total net assets under management hit $113.15 billion. This represents 5.87% of Bitcoin’s total market capitalization.
IBIT leads with $674.91M daily Inflow and $59.64B in net asset
IBIT, managed by BlackRock and traded on NASDAQ, recorded the entire day’s net inflow at $674.91 million. IBIT’s cumulative net inflow reached $43.68 billion, with net assets now valued at $59.64 billion. Its market price stood at $55.19 with a 0.44% daily increase. It also recorded $2.40 billion in traded value and 43.45 million in volume. IBIT maintained a premium of 0.09% over net asset value.
FBTC by Fidelity, traded on CBOE, had no inflows for the day and maintains a cumulative net inflow of $11.65 billion. Its total assets stood at $19.28 billion with a market price of $84.70. FBTC showed a minimal 0.02% discount and traded $207.13 million in value.
BTC and BITB post gains while holding over $7.8B in combined asset
GBTC from Grayscale, listed on the NYSE, also recorded no new inflows. Its cumulative net outflow stood at $22.75 billion. GBTC’s net assets were $18.47 billion with a fee of 1.50%. Its daily volume hit 1.20 million shares with a 0.43% price gain.
ARKB from Ark Invest, traded on CBOE, maintained a cumulative inflow of $2.65 billion with net assets of $4.65 billion. Its market price closed at $96.78 with a 0.46% daily gain. ARKB had no new inflows and traded $53.92 million in volume.
BTC and BITB, both listed on NYSE, held net assets of $4.14 billion and $3.75 billion, respectively. BTC showed a cumulative total inflow of $1.31 billion, while BITB had $2.06 billion. Both recorded a 0.40% and 0.42% daily gain, respectively.
Remaining ETFs, including HODL, BRRR, BTCO, EZBC, and BTCW, held net assets ranging from $1.42 billion to $150.20 million. Daily gains across these ETFs ranged from 0.40% to 0.48%. Cumulative inflows for these funds remained between $37.53 million and $886.80 million.
