U.S. spot Bitcoin ETFs recorded $467.35 million in net inflows on May 5, marking the third consecutive strong session and pushing weekly inflows to $999.56 million, according to data from SoSoValue. BTC climbed back above $82,000 the same day, its highest level since late January.
BlackRock’s IBIT led all funds with $251.43 million in single-day inflows, followed by Fidelity’s FBTC. The print extends a streak that began on May 1 with $629.73 million and added another $532.21 million on May 4, bringing total net assets across the eleven U.S. spot Bitcoin ETFs to roughly $108.98 billion.
Cumulative net inflows since the January 2024 launch now stand at approximately $58.72 billion, per Farside Investors, though the category remains below its October 2025 peak of $61.19 billion. Two consecutive months of net inflows have not yet erased the $6.38 billion in outflows recorded between November 2025 and February 2026.
Bloomberg ETF analyst Eric Balchunas described the recent inflow pace as unusually strong given that IBIT remains in negative territory year-to-date. Analysts at the same desk noted a visible rotation from gold into Bitcoin as the dominant driver, with institutional desks reportedly rebalancing exposure ahead of the May 30 options expiry. Approximately 33,000–35,000 BTC has been absorbed into ETF custody over the past three weeks, tightening freely tradable supply.
The next test for the streak is whether IBIT continues posting positive daily flows through month-end. A single $300M+ outflow day would likely break the pattern and put the $78,000–$80,000 support zone back in play. If inflows hold, May is on track to become the second consecutive net-positive month for the category — confirming the recovery narrative that began in April.
