Bitcoin Tops $78,300 with $2.44B ETF Inflows Boosting iShares Bitcoin Trust
Bitcoin climbed to $78,323.50 on May 2 after U.S. spot ETF inflows hit $2.44 billion in April, its strongest monthly performance since April 2025. BlackRock’s iShares Bitcoin Trust attracted over 70% of those inflows, contributing to total U.S. ETF assets under management reaching about $102 billion.
1. Bitcoin Price Surge
Bitcoin rose to $78,323.50 by 03:22 ET, breaking key resistance and delivering a roughly 12% gain in April, its best monthly performance since April 2025.
2. Record ETF Inflows
U.S. spot Bitcoin ETFs drew $2.44 billion in net inflows during April, nearly double the $1.32 billion in March, with iShares Bitcoin Trust capturing over 70% of that capital.
3. ETF Assets Under Management
Cumulative U.S. spot Bitcoin ETF assets under management climbed to approximately $102 billion by month-end as institutional demand absorbed daily mining supply.
4. Geopolitical and Monetary Factors
Elevated U.S.-Iran tensions and a fractured Federal Reserve vote maintained oil price risks and rate uncertainty, influencing Bitcoin’s trajectory toward the $80,000 level.