Bitcoin (BTC) ETFs Pulled in $2B in April: Can the Flows Continue in May?

Sam Daodu

Wed, May 20, 2026 astatine 7:34 AM CDT 7 min read

Quick Read

• Bitcoin ETFs recorded astir $2 cardinal successful nett inflows successful April—the strongest monthly full of the year. BlackRock’s IBIT unsocial pulled successful astir $2 cardinal successful nett subscriptions, much than the full flows since different funds similar Grayscale’s GBTC posted nett outflows.

• The funds started with a $629.73 cardinal single-day inflow connected May 1, followed by different $532.21 cardinal connected May 4. However, a $1 cardinal play outflow successful the week ending May 15 ended a six-week inflow streak and brought cumulative Bitcoin ETF inflows since January 2024 to $58 billion.

• The U.S.-China commercialized woody and tariff intermission were the main drivers down April’s beardown inflows. However, rising Treasury yields and a 3.8% CPI people successful May reduced expectations for Fed complaint cuts. For May flows to recover, ostentation needs to travel down.

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Bitcoin (CRYPTO: BTC) ETFs had their champion period of 2026 successful April, with astir $2 cardinal successful nett inflows. May started beardown too, but the outflows successful the week of May 15 broke a six-week inflow streak.

The cardinal question present is whether April was a one-off oregon whether organization request tin clasp up done the remainder of May. April's inflows accidental 1 thing, but the May 15 outflow says another, truthful the honorable reply is determination successful the middle.

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How Have Bitcoin ETFs Performed So Far?

Bitcoin ETFs closed April with astir $2 cardinal successful nett inflows, which is the strongest monthly full of 2026 truthful far. In the week ending May 1, they pulled successful different $153.87 million, pushing cumulative inflows since January 2024 to $58 cardinal and full nett assets to $103.78 billion. That was the 5th consecutive affirmative week, and astir of the gains came from conscionable 2 trading days.

On May 1, Bitcoin ETFs brought successful $629.73 cardinal successful a azygous session—the biggest one-day inflow since mid-April. The earlier days of the week were level oregon somewhat negative, truthful that 1 league rescued the play total.

Three days later, the funds added different $532.21 cardinal connected May 4, marking the 3rd consecutive affirmative time of the month. BlackRock's IBIT led with $335.49 million, and Fidelity's FBTC added $184.57 million. Bitcoin traded astatine $80,836 that day, concisely touching $81,000 for the archetypal clip successful implicit 3 months.

Then the momentum cracked. Bitcoin ETFs posted $1 cardinal successful nett outflows for the week ending May 15—the largest play redemption since precocious January. That ended a six-week inflow streak, which had drawn successful $3.4 cardinal astatine an mean of $568 cardinal per week. The week ended with astir $1.16 cardinal successful gross outflows against conscionable $158 cardinal successful inflows—about $1 cardinal nett out.