Bitcoin Spot ETF Attracts $1.6 Billion… Have Institutions Started Buying Again?

▲ Bitcoin (BTC) Exchange Traded Fund (ETF) ©CoinReaders

With over $1.6 billion flowing into Bitcoin (BTC) spot ETFs for four consecutive trading days, institutional buying is once again leading a market rebound.

According to crypto media outlet Finbold on May 6 (local time), US Bitcoin spot ETFs recorded net inflows for four consecutive trading days from last Thursday to May 5, attracting a total of $1.644 billion. According to SoSoValue, the total assets under management for all Bitcoin spot ETFs were approximately $108.98 billion.

Notably, BlackRock's iShares Bitcoin Trust (IBIT) recorded net inflows of approximately $890 million over the past four trading days. As a result, IBIT's holdings exceeded 818,146 BTC, and its asset value increased to approximately $65.47 billion. Fidelity's Wise Origin Bitcoin Fund (FBTC) also saw inflows of over $557 million during the same period, continuing its net purchases for four consecutive trading days. FBTC's nominal asset size expanded to $15.7 billion.

Conversely, Grayscale Bitcoin Trust (GBTC) continued to experience outflows. According to the media, GBTC's net assets have decreased by approximately $151 million since April 20, now standing at around $12.28 billion.

Along with the increased ETF inflows, Bitcoin's price also showed a rebound. BTC rose by over 5.5% in the past 7 days, trading around $81,950 as of May 6. Consequently, its market capitalization also increased to approximately $1.6 trillion, reaching its highest level since late January 2026.

However, the media also reported an increase in profit-taking by spot investors recently. Experts analyzed that if Bitcoin spot ETF inflows slow down in the future, derivatives market investors might lean towards bearish positions again, potentially leading to a short-term price reversal.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*