Crypto ETF: Bitcoin ETF Leads With $532M Inflow But Ethereum Funds Lag Behind

Key Insights:

• The crypto ETF segment continued inflows at the beginning of this week.
• The US Spot Bitcoin ETF took the lead with over $530 million worth of influx.
• Ethereum, Solana, and XRP ETFs also boasted notable inflows.

On May 4, Bitcoin funds led the institutional demand for the crypto ETF segment. Meanwhile, Ethereum ETFs lagged while XRP ETFs saw continued influx accumulation.

Crypto ETF Sees Significant Inflows

According to figures from Farside Investors, the US Spot Bitcoin crypto ETF saw a net inflow of $532.3 million on Monday, May 4. It marks an extension of a bullish trend following a net inflow of $629.8 million on May 1.

Bitcoin ETF Inflow Data | Source: Farside Investors

BlackRock’s IBIT inflows of $335.5 million and Fidelity’s FBTC with an inflow of $184.6 million dominated the influx into Bitcoin ETFs. BITB by Bitwise contributed to the addition of $12.2 million.

Other Bitcoin ETFs were not very active, with zero flows. Thus, it’s safe to say that Bitcoin ETFs are taking in the majority of crypto ETFs demand.

However, Ethereum ETFs told a more subdued story. On May 4, the total inflows amounted to only $61.3 million. BlackRock’s ETHA accounted for an influx of $54.8 million.

Whilst the majority of other Ethereum funds registered flat or minimal flows. It indicates slower institutional adoption as compared to Bitcoin-centric crypto ETFs.

Conversely, XRP is coming out as a relatively smaller yet notable player in the crypto ETFs space. The total assets under management reported on the XRP ETF tracker show a value of $1.16 billion across 7 ETFs.

These funds have 831.72 million XRP locked in ETF vaults, representing approximately 0.83% of the total supply. The net flows per week reveal an increase of 7.99 million XRP, which indicates steady increases with no large single-day spikes.

In the meantime, Solana ETFs continued to be relatively quiet. These funds recorded a relatively modest inflow of around $3.3 million on May 4. Nonetheless, it marks a rebound from the previous zero inflows as demand surges across crypto ETFs.

Bitcoin Price Analysis Shows Strong Bullish Outlook

The overall market sentiment towards Bitcoin is strongly bullish, with both the price action and ETF inflows supporting this assertion.

Michaël van de Poppe, a crypto analyst, posted, “Bitcoin looks ready for more upside. It broke above $79K. The trend clearly is upwards.”

He also spotlighted the growing interest in the crypto ETF with over $1.1 billion in inflows into BTC funds since May 1. Moreover, his chart reveals that the Bitcoin price has broken above $79,000 to confirm a bullish structure.

Poppe noted that the next resistance zone lies between $86,000 and $88,000. He also expects a potential upside toward the $91,000–$93,000 level. Meanwhile, the main area of support is around the low $70,000 range.

He stated, “I don’t think this will stall… there’s leg room to $86-88K and most likely to $91-93K.” In addition, Poppe also believes that gold capital is rotating back into Bitcoin.

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