Bitcoin ETF inflows continued to surge last week, with U.S.-based spot Bitcoin exchange-traded funds (ETFs) reporting $1.81 billion in net inflows, according to new data from SoSoValue. This marks the third consecutive week of positive inflows, a trend that reflects mounting investor confidence and growing institutional participation.
For the week ending May 2, total net cumulative inflows for the 12 U.S. spot Bitcoin ETFs soared to $40.24 billion — the highest level seen since February 11. Although trading volume slipped slightly to $13.23 billion from the previous week’s $18.76 billion, market momentum remains strong.
Brown University Discloses $5M Stake in BlackRock’s IBIT
One of the most significant institutional endorsements came from Brown University, which revealed a new position in BlackRock’s iShares Bitcoin Trust (IBIT). A regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC) on Friday confirmed that the Ivy League university holds nearly $5 million worth of IBIT shares.
This development highlights the expanding role of traditional institutions and academia in the digital asset ecosystem. BlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, reported $674.91 million in inflows on Friday alone, pushing its cumulative inflows to $43.48 billion.
Bitcoin and Ether Prices Slightly Down
Despite bullish ETF flows, Bitcoin’s price slipped 1.35% in the past 24 hours to $94,606, while Ether (ETH) dropped 1.02% to $1,822, based on data from The Block’s price tracker.
Meanwhile, spot Ether ETFs also enjoyed gains, recording $106.75 million in inflows last week. This marked the second straight week of positive flows for ETH-based ETFs, hinting at renewed investor optimism even amid price corrections.
