Bitcoin and Ethereum ETFs Experience Massive Inflows – Signaling Institutional Confidence in Crypto

On May 2nd, the crypto market witnessed a surge of confidence from institutional investors, as both Bitcoin and Ethereum-focused exchange-traded funds (ETFs) saw substantial inflows. $675 million flowed into Bitcoin spot ETFs, marking one of the strongest days for these products in recent months. Importantly, none of the 12 Bitcoin ETFs experienced any net outflows on that day. Ethereum ETFs also performed well, with a total inflow of $20.1032 million and zero net outflows across all nine funds.