BlackRock bought nearly $1B of Bitcoin and Ether in a week as spot ETF inflows surged

BlackRock added close to $1 billion in crypto over the past week, riding a rebound in Bitcoin prices fueled by hefty inflows into U.S. spot Bitcoin and Ethereum exchange-traded funds, CoinDesk reported. Most of the demand was concentrated in BlackRock's iShares Bitcoin Trust, which drew about $732.6 million in net inflows across five trading sessions. The biggest accumulation days were April 20 and April 22, bringing in roughly $256 million and $246.9 million, respectively. Inflows stayed firm on April 23 with $167.5 million, then eased late in the period to $22.9 million on April 24. Coinglass data show that, despite minor outflows at some rival products, the broader trend points to sustained institutional appetite for Bitcoin exposure. Ethereum inflows were smaller but still positive. Over the same window, BlackRock's spot Ethereum ETF took in about $199 million net. April 20 led with approximately $89.3 million, followed by $52.5 million on April 21. Net inflows reached $53.6 million on April 22 before the fund posted about $21 million in net outflows on April 23, then returned to inflows of $24.6 million on April 24, according to Coinglass. All told, the world's largest asset manager bought roughly $931.6 million worth of cryptocurrency during the workweek. As the crypto market steadied, institutions continued to channel money into U.S. spot crypto ETFs this month: Bitcoin funds logged their strongest stretch since 2026, while Ethereum products kept attracting new capital. As of April 23, spot Bitcoin ETFs recorded eight straight days of net inflows totaling about $2.1 billion. The run lifted April inflows to roughly $2.4 billion, nearly double March's total, and pushed year-to-date flows back into positive territory.