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US spot Bitcoin ETFs booked $532 million in total net inflows on May 4, the third consecutive day of positive flows, according to SoSoValue data. BlackRock's IBIT once again anchored the tape, with Fidelity's FBTC and Bitwise's BITB contributing the bulk of the remainder.
Why it matters
A three-day streak this late in the cycle is the signal — not the headline number. Single-day inflows can clear on a single anchor rebalance; a consecutive green run means allocators are still adding through the recent pullback rather than waiting for confirmation. The structural bid that defined Q1 appears to have survived the early-May volatility intact.
Market impact
Spot ETH ETFs added $61.29 million on the same day, the second consecutive session of positive flows after a stretch of red prints in late April. The ETH complex is smaller and noisier, but two green days in a row is the first read that institutional appetite for spot ETH exposure is reasserting after the post-approval cooldown. Watch whether the streak extends into a full week — that would mark a regime shift from "allowances" back to "accumulation."
Frequently asked questions
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How much did US spot Bitcoin ETFs pull in on May 4?
US spot Bitcoin ETFs recorded $532 million in total net inflows on May 4, the third consecutive day of positive flows, according to SoSoValue data.
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Which spot BTC ETFs led the May 4 inflows?
BlackRock's IBIT once again anchored the tape, with Fidelity's FBTC and Bitwise's BITB contributing the bulk of the remaining inflows.
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How did US spot Ethereum ETFs perform on May 4?
US spot Ethereum ETFs saw $61.29 million in total net inflows on May 4, marking the second consecutive session of positive flows after a stretch of red prints in late April.
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Why does a three-day inflow streak matter more than the headline number?
Single-day inflows can clear on a single anchor rebalance, but a consecutive multi-day streak means allocators are still adding through volatility rather than waiting for confirmation — a sign the structural Q1 bid has survived the early-May pullback.
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What would confirm a shift back to ETH ETF accumulation?
A full week of consecutive net inflows into US spot ETH ETFs would mark a regime shift from occasional allowances back to sustained institutional accumulation after the post-approval cooldown.
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