Bitcoin ETFs Attracting Funds Again... 'Ethereum Out, Only BTC Absorbed'

▲ Bitcoin (BTC) ET

A daily inflow of $131.3 million has re-entered the Bitcoin (BTC) spot ETF market, once again highlighting institutional investors' preference for Bitcoin.

According to U.Today on May 15 (local time), Bitcoin spot exchange-traded funds (ETFs) recorded a significant inflow of funds on Thursday. Based on relevant market tracking data, the daily net inflow into Bitcoin spot ETFs totaled $131.3 million. This result reversed recent outflow trends and was interpreted as a sign of recovering institutional demand for Bitcoin, the leading cryptocurrency.

BlackRock spearheaded this inflow. BlackRock's iShares Bitcoin Trust (IBIT) recorded a daily net inflow of $144 million. Although small outflows occurred from some other funds, the scale of IBIT's inflow offset them, resulting in a net inflow for the overall Bitcoin spot ETF market.

As of May 15, IBIT maintains the largest influence in the Bitcoin spot ETF market. IBIT's assets under management (AUM) exceeded $64 billion, and its daily trading volume surpassed $2 billion. Fidelity's Wise Origin Bitcoin Fund (FBTC) ranked second with approximately $14.16 billion in AUM.

The total net assets held by all Bitcoin spot ETFs were tallied at $105.51 billion. Since the launch of these products in early 2024, the cumulative net inflow has reached $59.06 billion. This confirms that the Bitcoin spot ETF market has established itself as a key conduit for institutional investor funds, not only in terms of short-term capital flows but also on a cumulative basis.

In contrast, Ethereum (ETH) spot ETFs recorded a net outflow of $5.65 million on the same day. Ethereum-based funds continued their net outflows for four consecutive trading days. In contrast to Bitcoin ETFs attracting over $130 million, traditional financial market investors currently show a preference for Bitcoin as a means of digital asset exposure.

*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.*