US-listed spot Bitcoin exchange-traded funds (ETFs) are driving an aggressive wave of accumulation, shopping for practically six instances extra Bitcoin final week than was created by miners.
Based on a Might 4 report from asset allocator HODL15Capital, spot Bitcoin ETFs acquired 18,644 BTC over the previous week.
In distinction, solely 3,150 BTC had been mined throughout the identical interval—roughly 450 cash per day.
Institutional Demand For Bitcoin ETFs Surges as Publish-Halving Provide Squeeze Tightens
The shopping for frenzy highlights the rising urge for food from institutional traders, particularly as provide turns into more and more constrained following the current halving.
Regardless of a internet outflow on April 30, information from Farside Traders exhibits the whole internet influx for the week amounted to roughly $1.8 billion.
Since April 16, there was simply at some point of internet outflows, with the broader market restoration bolstering investor sentiment.
U.S.
Bitcoin ETFs purchased 18,644 Bitcoin final week vs. 3,150 mined
pic.twitter.com/hTcUWECGr6
— HODL15Capital
The shopping for spree additionally coincided with a modest value rally. Bitcoin surged to a six-week excessive of $97,700 on Might 2 earlier than pulling again to round $94,000, the place it at the moment sits—unchanged from the identical time per week earlier.
Main the cost is BlackRock’s iShares Bitcoin Belief (IBIT), which has posted an uninterrupted 17-day influx streak and introduced in practically $2.5 billion over the previous 5 buying and selling classes alone.
ETF Retailer president Nate Geraci famous in a Might 3 weblog publish that regardless of restricted distribution entry, spot Bitcoin ETFs have ballooned into a virtually $110 billion market.
“Many wealth administration platforms nonetheless block monetary advisers and brokers from providing these merchandise,” he mentioned.
“That’s why I’ve mentioned spot Bitcoin ETFs are working with one hand tied behind their backs. Think about the affect when these restrictions are eliminated.”
SEC to Announce Resolution on Litecoin ETF
In the meantime, the U.S. Securities and Change Fee is predicted to announce its second deadline resolution on a proposed spot Litecoin ETF from Canary Capital by Might 5.
The agency additionally filed for a spot XRP ETF final October.
Bloomberg ETF analyst James Seyffart commented that Litecoin has the very best probability of early approval however nonetheless expects a delay. Fellow analyst Eric Balchunas echoed the cautious outlook.
The @CanaryFunds Litecoin ETF submitting is due for a choice (presumably a delay) by Monday 5/5. SEC went early & delayed a bunch of filings however not this. If any asset has an opportunity of early approval it's Litecoin IMO. Personally suppose a delay is extra seemingly however def one thing to observe pic.twitter.com/FilnUcMtUH
— James Seyffart (@JSeyff) Might 4, 2025
Based on their newest replace, Solana and Litecoin lead the pack with a 90% approval probability, adopted by XRP (85%), Dogecoin and Hedera (80%), and Cardano, Avalanche, and Polkadot (75%).
Whereas spot Bitcoin and Ethereum ETFs have already acquired approval, the SEC has but to greenlight any ETF product with staking performance — one thing already seen in markets like Canada and Europe.
In a parallel improvement, the Crypto Council for Innovation, backed by main corporations together with a16zcrypto, Consensys, and Kraken, has referred to as on the SEC for regulatory readability on staking.
In a letter to Commissioner Hester Peirce, the coalition argued that staking is a technical course of, not a securities transaction, and urged the company to assist its accountable inclusion in ETFs.
At present, greater than 70 crypto ETF functions are awaiting a choice from the SEC, based on Bloomberg.
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