May 1, 2024 – May 31, 2024

Crypto ETF Flows — May 2024

In May 2024, the crypto ETF market experienced net inflows of $2.1B, totaling inflows of $2.8B against outflows of $709.8M. Notably, the strongest single day was May 3, 2024, with inflows of $378.3M.

Net flows by day

May 1, 2024 – May 31, 2024

Date	Total Net Flow
May 1, 2024	−$563.7M
May 2, 2024	−$34.4M
May 3, 2024	+$378.3M
May 4, 2024	+$0.0M
May 5, 2024	+$0.0M
May 6, 2024	+$217.0M
May 7, 2024	−$15.7M
May 8, 2024	+$11.5M
May 9, 2024	−$11.3M
May 10, 2024	−$84.7M
May 11, 2024	+$0.0M
May 12, 2024	+$0.0M
May 13, 2024	+$66.0M
May 14, 2024	+$100.5M
May 15, 2024	+$303.0M
May 16, 2024	+$257.3M
May 17, 2024	+$221.5M
May 18, 2024	+$0.0M
May 19, 2024	+$0.0M
May 20, 2024	+$237.2M
May 21, 2024	+$305.7M
May 22, 2024	+$154.0M
May 23, 2024	+$107.9M
May 24, 2024	+$251.9M
May 25, 2024	+$0.0M
May 26, 2024	+$0.0M
May 27, 2024	+$0.0M
May 28, 2024	+$45.0M
May 29, 2024	+$28.3M
May 30, 2024	+$48.8M
May 31, 2024	+$48.8M
Total Net Flow	+$2.1B

TL;DR

Monthly net flow: net inflows of $2.1B (net $2.1B).
Total inflows: $2.8B. Total outflows: $709.8M.
Strongest single day: 2024-05-03 ($378.3M).
Weakest single day: 2024-05-01 (-$563.7M).

Monthly Overview

May 2024, spanning 31 trading days, demonstrated a risk-on sentiment among investors as the crypto ETF market recorded substantial inflows. The month was characterized by a notable recovery following a turbulent start, leading to a positive overall trend. For ongoing insights, check our crypto ETF dashboard.

Weekly Breakdown

Week 1:
- 2024-05-01: -$563.7M
- 2024-05-02: -$34.4M
- 2024-05-03: $378.3M (strongest day)
Week 2:
- 2024-05-04: $0.0M
- 2024-05-05: $0.0M
- 2024-05-06: $217.0M
- 2024-05-07: -$15.7M
- 2024-05-08: $11.5M
- 2024-05-09: -$11.3M
- 2024-05-10: -$84.7M
Week 3:
- 2024-05-11: $0.0M
- 2024-05-12: $0.0M
- 2024-05-13: $66.0M
- 2024-05-14: $100.5M
- 2024-05-15: $303.0M
- 2024-05-16: $257.3M
- 2024-05-17: $221.5M
Week 4:
- 2024-05-18: $0.0M
- 2024-05-19: $0.0M
- 2024-05-20: $237.2M
- 2024-05-21: $305.7M
- 2024-05-22: $154.0M
- 2024-05-23: $107.9M
- 2024-05-24: $251.9M
Week 5:
- 2024-05-25: $0.0M
- 2024-05-26: $0.0M
- 2024-05-27: $0.0M
- 2024-05-28: $45.0M
- 2024-05-29: $28.3M
- 2024-05-30: $48.8M
- 2024-05-31: $48.8M

Top Funds of the Month

Fund	Net Flow	Direction
BlackRock (BTC)	$1.2B	inflows
Fidelity (BTC)	$771.5M	inflows
Grayscale (BTC)	-$599.2M	outflows
21Shares (BTC)	$255.9M	inflows
Bitwise (BTC)	$220.1M	inflows

The top funds indicate a solid influx of capital towards major players like BlackRock and Fidelity, while Grayscale faced outflows, suggesting a shift in investor sentiment towards more optimistic options.

Market Interpretation

The positive net flows of $2.1B this month illustrate a growing confidence among institutional investors in the crypto market. The strong inflows into the Bitcoin ETF reflect a renewed interest in Bitcoin, while the movement of funds hints at a strategic rotation towards the Ethereum ETF. Overall, the market appears to be consolidating its gains as investors reassess their positions.

Conclusion

In summary, May 2024 saw a net flow of $2.1B into crypto ETFs, signaling a rebound in investor sentiment. As the market evolves, it will be essential to observe how these trends continue to influence capital allocation. For the latest updates, visit All ETF funds.