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Bitcoin’s strong rally was driven by large inflows into Bitcoin-focused investment funds. On the evening of May 6, 2026, the cryptocurrency market rose broadly. Data from OKX showed Bitcoin up more than 1.3% over the last 24 hours, crossing the $82,300 level. Compared with the early-2026 low, Bitcoin is up about 37%.
Other major coins also rose. Ethereum was up about 1% to $2,410; XRP gained nearly 3% to $1.40; BNB rose about 5% to $660; and Solana increased more than 5.3% to $89.70. Bitcoin was trading at $82,388 per OKX.
The main driver cited in the report was sizable inflows into Bitcoin investment funds. Cointelegraph data indicated Bitcoin ETFs have attracted nearly $1 billion since Bitcoin returned to the $80,000 level.
Specifically, inflows into funds reached $467.4 million as Bitcoin rose above $81,000. The previous day, inflows were $532 million, bringing the two-day total to more than $999 million, according to SoSoValue data.
The positive trend continues the rally in April, when net inflows totaled $1.97 billion, suggesting investor demand remains high during the market recovery. Since the start of May, funds have attracted an additional $1.63 billion, bringing total cumulative inflows to $59.7 billion.
Assets under management now stand at about $109 billion, the highest since the start of the year.
The report also noted that inflows remained robust even as Michael Saylor signaled he might sell Bitcoin to meet financial obligations, contrary to his prior stance of never selling. Eric Balchunas of Bloomberg said ETFs are helping retain investors better even amid volatility.
In the latest cycle, Bitcoin has fallen about 50%, but outflows from funds accounted for roughly 8% of total assets. Balchunas argued that Wall Street’s distribution framework plays a key role in keeping money flowing into the market.
Beyond Bitcoin, other crypto-linked funds showed positive signals. An Ethereum-linked fund attracted $97.6 million in the day; the XRP fund attracted $11.3 million; and Solana $1.7 million.
Dogecoin recorded around $400,000 of inflows—the first rise since April 27. Dogecoin’s cumulative inflows now exceed $10 million, with assets under management around $14 million.
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