Bitcoin ETFs Attract $1 Billion Amid Rally Above $80,000

Spot Bitcoin exchange-traded funds (ETFs) have recorded close to $1 billion in inflows since Bitcoin moved back above the $80,000 level.

According to data from SoSoValue, Bitcoin ETFs saw $467.4 million in inflows on Tuesday as BTC climbed beyond $81,000, following Monday’s $532 million inflow total. Combined, the two sessions brought in more than $999 million. The renewed demand follows April’s total net inflows of $1.97 billion, suggesting continued investor interest as Bitcoin’s recovery progresses.

Since May 1, spot Bitcoin ETFs have attracted approximately $1.63 billion in inflows, lifting cumulative inflows to $59.7 billion. Total assets under management have also climbed to around $109 billion, marking the highest level recorded so far this year.

ETF resilience despite market volatility

The steady inflows have continued despite comments from Michael Saylor hinting at potential Bitcoin sales to meet corporate obligations, a shift from his previous “never sell Bitcoin” stance.

Bloomberg ETF analyst Eric Balchunas noted that ETF flows have remained relatively resilient even during a cycle where Bitcoin experienced a drawdown of roughly 50%, while ETF outflows represented only around 8% of assets.

In an interview with Roxom TV, Balchunas emphasized the role of traditional finance distribution channels in supporting demand. “Don’t underestimate the firepower of Wall Street wholesalers,” he said when discussing the recent inflows.

The trend suggests that ETFs may be helping maintain investor exposure to Bitcoin during periods of heightened volatility by providing access through traditional financial infrastructure.

Altcoin ETF demand also increases

Positive momentum has also extended to altcoin-focused ETFs. Ethereum funds recorded $97.6 million in inflows on Tuesday, according to SoSoValue.

Meanwhile, ETFs tied to XRP added $11.3 million, while Solana products brought in around $1.7 million. Dogecoin ETFs also returned to positive territory, posting approximately $400,000 in inflows—their first gains since April 27. This pushed DOGE ETF cumulative inflows above $10 million, with total assets under management reaching around $14 million.

Sources:

https://cointelegraph.com/news/bitcoin-etfs-1-billion-inflows-btc-surge-past-80k

https://x.com/RoxomTV/status/2051709885662818522

https://sosovalue.com/assets/etf/us-doge-spot

https://sosovalue.com/assets/etf/us-eth-spot

https://sosovalue.com/assets/etf/us-xrp-spot