US Bitcoin ETFs Attract $1.5 B Inflows in Two Days

In a striking display of renewed appetite for digital assets, U.S.-listed Bitcoin ETFs have raked in roughly $1.5 billion over the past 48 hours. The inflows—driven largely by BlackRock’s IBIT, Fidelity’s FBTC, and ARK 21Shares’ ARKB—underline how institutional and retail investors alike are repositioning portfolios as Bitcoin hovers above $110,000.

Market overview

Bitcoin price ticked up to $111,300 on Thursday, marking a 2.5% gain since the start of the week. Meanwhile, total market capitalization for the asset class climbed to $2.17 trillion, buoyed by fresh ETF subscriptions that have more than compensated for profit-taking in altcoins.

Trading volume across major spot exchanges surged to $42 billion in 24 hours, according to CoinGecko, the highest this month. “We’re seeing a clear correlation between ETF flows and elevated on-chain activity,” said chartist and analyst Benjamin Cowen.

ETF inflow details

BlackRock’s iShares Bitcoin Trust (IBIT)led the charge, recording inflows of approximately $620 million on May 22 alone. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $410 million, while ARK 21Shares Bitcoin ETF (ARKB) added another $300 million.

Smaller issuers also saw healthy uptake: Invesco’s Bitcoin Strategy ETF (BITA) attracted $85 million, and WisdomTree’s BTCW saw $75 million in fresh commitments. These numbers suggest that even niche products are finding buyers in a market looking beyond spot Bitcoin to capital-efficient vehicles.

Institutional demand

Pension funds and family offices have quietly increased allocations over the past month. According to a recent survey by Foreside Fund Services, 68% of institutions plan to raise Bitcoin ETF exposure before Q3. “We’re witnessing the early stages of retirement-plan adoption,” said Michael Kramer, CIO at Mott Capital. “These inflows help cement Bitcoin’s role as an inflation hedge in diversified portfolios.”

Offshore allocators in Europe and Asia also contributed, with Luxembourg-domiciled funds sending roughly $150 million towards U.S. Bitcoin ETFs in the last two trading days. Experts believe this cross-border demand will continue as regulatory clarity improves.

Price impact

Premiums and spreads

The average premium on secondary ETF listings rose to 2.3%—the highest since the first week of approvals. Trading spreads widened slightly, reflecting the rush to secure ETF shares. Blockworks reported that IBIT traded at a $1.8 premium to NAV on Wednesday.

Correlation with Bitcoin price

Historical data shows that for every $100 million in ETF inflows, spot Bitcoin price moves $350 on average. If the current pace continues, traders project a push towards $115,000 by month-end. Deribit options markets price in a 48% chance of a new all-time high by July.

Conclusion

The $1.5 billion in two-day inflows demonstrate that U.S. Bitcoin ETFs are no longer a niche experiment but a core allocation tool. As institutional frameworks mature and retail access broadens, these vehicles could drive further price discovery and liquidity deeper into the crypto ecosystem.

Investors should monitor next week’s Fed minutes and scheduled speeches from SEC Chair Gary Gensler for hints on potential regulatory adjustments. But for now, the ETF wave appears unstoppable—fueling optimism that Bitcoin’s next leg up is just beginning.

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