Bitcoin Spot ETFs See Significant Inflows on May 1

Bitcoin spot ETFs experienced substantial inflows on May 1, according to PANews. Data from SoSoValue indicates that the total net inflow reached $630 million on that day. BlackRock's IBIT led the inflows with $284 million, while Fidelity's FBTC followed with $213 million. As of now, the total net asset value of Bitcoin spot ETFs stands at $103.785 billion, with a net asset ratio of 6.66%. The historical cumulative net inflow has risen to $58.718 billion.