US Bitcoin ETFs Draw $630 Million as Gap With Ether Widens
U.S. spot Bitcoin exchange-traded funds attracted roughly $630 million of net inflows on May 1, compared with $101 million for spot Ethereum ETFs, according to SoSoValue data cited in the reports. The day’s flow breakdown also showed $0 for SOL and XRP, highlighting a widening gap in demand across crypto-linked ETF products.
From the sources (3 posts)
@cryptoroverTHIS IS HUGE 🚀 Bitcoin ETFs bought $629 MILLION worth of BTC yesterday. One of the strongest single day inflows in weeks. Institutional demand is accelerating again.
@wublockchainAccording to SoSoValue data, on May 1 (ET), U.S. Bitcoin spot ETFs recorded total net inflows of $630 million, while Ethereum spot ETFs recorded total net inflows of $101 million.
@cointelegraph🇺🇸 ETF FLOWS: Spot ETF divergence widened on May 1st. BTC: $629M ETH: $101M SOL: $0 XRP: $0