While US spot Bitcoin exchange-traded funds (ETFs) continued to attract investor capital on May 5th, 2025, their Ethereum counterparts experienced a standstill. This divergence occurred amidst a noticeable slowdown in trading activity across both types of crypto investment vehicles compared to the preceding week.
Bitcoin ETF Performance
On May 5th, spot Bitcoin ETFs registered a significant net inflow of $425.45 million, according to data sourced from SoSoValue. This positive movement marked the third consecutive day of net inflows for these products. The overall inflow was heavily influenced by strong demand for a single fund.
BlackRock’s IBIT fund was the primary driver, attracting an impressive $531.18 million in new investments. However, this substantial inflow was partially counteracted by withdrawals from several other funds. Notable outflows included:
| Fund Ticker | Net Outflow |
| FBTC | $57.82 million |
| BITB | $22.66 million |
| GBTC | $16.37 million |
| ARKB | $6.14 million |
| EZBC | $2.74 million |
Six other Bitcoin ETF products reported no change in capital flow. Despite the net positive inflow, overall trading volume in the sector was relatively subdued, amounting to $1.83 billion. This figure represents the lowest trading volume recorded since mid-April 2025.
Ethereum ETF Stagnation
In contrast to Bitcoin ETFs, the spot Ethereum ETF sector showed zero net capital movement on May 5th, with neither inflows nor outflows recorded. Trading activity in these funds was notably low, reaching just $113.73 million. This marked the lowest trading volume for Ethereum ETFs since the end of March 2025. This period of inactivity followed two consecutive days of positive net inflows earlier in the week.
Market Activity Overview
The data indicates a cooling-off period in the US market for both Bitcoin and Ethereum ETFs at the start of the week, following a generally positive performance where both categories finished the previous week with net capital inflows for the second week running. Meanwhile, reports indicated no significant trading activity in similar crypto funds listed in Hong Kong on the same day.
Michael combines data-driven research with real-time market insights to deliver concise crypto and bitcoin analysis. He’s passionate about uncovering on-chain trends and helping readers make informed decisions.