U.S.-listed spot Bitcoin ETFs are accelerating their accumulation pace, buying nearly six times more BTC than was mined last week. According to data from HODL15Capital, spot ETFs collectively acquired 18,644 BTC between April 28 and May 4, while only 3,150 BTC were mined in the same period.
The gap between supply and demand widened just weeks after the April halving, which reduced daily Bitcoin issuance to 450 BTC. This mounting pressure on available supply highlights a strong bullish trend as institutional investors deepen their exposure to the asset.
$1.8B in Inflows Push Bitcoin to Six-Week High
ETF inflows totaled approximately $1.8 billion during the five-day trading window, with only one minor net outflow reported on April 30. This surge in investment coincided with Bitcoin briefly touching a six-week high of $97,700 on May 2, before retracing to around $94,000.
Despite the slight pullback, ETF activity remains robust. Analysts note that such persistent buying—especially when it outpaces mining output—is tightening liquidity on exchanges. With fewer coins circulating and ETFs growing in strength, market watchers expect rising volatility and upward price pressure.
Litecoin ETF Awaits Decision as Delay Seems Likely
While Bitcoin ETFs dominate headlines, attention has turned to other crypto-based ETFs awaiting regulatory clearance. The U.S. Securities and Exchange Commission is expected to deliver its second-round decision on Canary Capital’s proposed spot Litecoin ETF by May 5.
The filing, submitted in October 2023 alongside an XRP ETF proposal, is part of a broader wave of crypto ETF applications. Bloomberg ETF analyst James Seyffart noted on May 5 that while Litecoin has a better chance than most altcoins, a delay is the more likely outcome.
His colleague, Eric Balchunas, echoed the view, citing the SEC’s tendency to stall decisions as it cautiously approaches non-Bitcoin crypto products. This pattern suggests continued regulatory hesitation, even as demand grows among institutional investors.
SEC Faces Over 70 Crypto ETF Filings in 2025
The Litecoin ETF is just one among more than 70 crypto-related ETF applications pending SEC review, per Bloomberg’s April count. These span a range of assets and themes—from Ethereum and Solana to DeFi indexes and blockchain equity products.
Each new deadline—such as the one facing Litecoin—has become a barometer for regulatory progress. While Bitcoin ETFs have surged past $100 billion in combined assets, broader adoption of crypto ETFs remains contingent on how the SEC approaches this expanding market.
Quick Facts
- U.S. spot Bitcoin ETFs purchased 18,644 BTC last week—six times the 3,150 BTC mined.
- Total ETF inflows reached $1.8 billion over five trading days.
- BlackRock’s IBIT has seen 17 consecutive days without outflows and nearly $2.5 billion in inflows.
- Spot Bitcoin ETFs now represent a nearly $110 billion market segment.
