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Share link:In this post: Institutional investors jumped on the BTC dip this week, buying big as prices dropped. Spot Bitcoin and Ethereum ETFs saw major cash inflows, especially midweek, as the market began to recover. Morgan Stanley started promoting Bitcoin ETFs to wealthy clients, pushing other big players to consider doing the same.

Share link:In this post: Bitcoin, Ethereum, and Solana took a beating this week, with their biggest drops since 2022. The market was on a high in July, but momentum traders started pulling back, signaling potential trouble. After a wild sell-off, traders quickly jumped back in to buy the dip as liquidations slowed down.

The spot Bitcoin ETFs were in the red in four of the past six days.
- 07:39Data: Bitcoin Spot ETF Net Inflow of $1.81 Billion Last Week, Continuing Three Weeks of Net InflowsAccording to ChainCatcher, based on SoSoValue data, Bitcoin spot ETFs had a net inflow of $1.81 billion during the trading days of last week (April 28 to May 2, Eastern Time). The Bitcoin spot ETF with the highest net inflow last week was Blackrock's Bitcoin ETF IBIT, with a weekly net inflow of $2.48 billion. Currently, IBIT's total historical net inflow has reached $43.68 billion. Following that is Grayscale's Bitcoin Mini Trust ETF BTC, with a weekly net inflow of $41.92 million, and its total historical net inflow has reached $1.31 billion. The Bitcoin spot ETF with the highest net outflow last week was Ark Invest and 21Shares' Bitcoin ETF ARKB, with a weekly net outflow of $458 million. After setting a historical high for weekly net inflow, last week's net outflow also set a historical high, with ARKB's total historical net inflow now at $2.65 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $113.15 billion, with an ETF net asset ratio (market value compared to the total market value of Bitcoin) of 5.87%, and the historical cumulative net inflow has reached $40.24 billion.
- 07:39IOTA Mainnet Stardust Decommissioned, 13 Genesis Validators Launch New MainnetAccording to ChainCatcher, IOTA's official news states that the IOTA mainnet Stardust has successfully completed its shutdown. Currently, 13 genesis validators are conducting a genesis ceremony to launch the new IOTA mainnet in a fully decentralized manner.
- 07:07Trump Clearly States He Will Not Seek a Third Term, Names Vance and Rubio as Potential SuccessorsPANews, May 5th - According to Jinshi Data, in a television interview broadcast on May 4th local time (NBC's "Meet the Press"), U.S. President Donald Trump clearly stated that he will not seek to continue serving as president after the end of his current term. In the interview, Trump directly said, "I will be president for eight years, two terms." This statement confirmed his stance of not seeking a third presidential term. He also specifically mentioned current Vice President James Vance and Secretary of State Marco Rubio, considering them as rising stars within the Republican Party who are likely to inherit the conservative mantle and continue advancing the "Make America Great Again" (MAGA) policy agenda, viewing them as potential successors.