BlackRock scooped up almost $250 million of these cryptocurrencies on Monday
Finbold
2h ago

Author:Web3 Explorer

BlackRock significantly increased its exposure to digital assets on April 6 through its exchange-traded products (ETFs), beginning the week on a strong inflow note.

Notably, this comes after the world’s largest investment firm offloaded over $300 million worth of Bitcoin (BTC) and Ethereum (ETH) in the previous week.

According to on-chain data, the company cumulatively acquired roughly $243 million worth of cryptocurrencies through its Bitcoin and Ethereum ETF products on Monday.

The bulk of the inflows came from Bitcoin, with the firm’s iShares Bitcoin Trust (IBIT) attracting about $181.9 million.

Ethereum also saw notable demand, as BlackRock’s iShares Ethereum Trust (ETHA) recorded approximately $60.8 million in net inflows.

The move points to strong institutional interest on a day when the cryptocurrency market turned green, at the time driven by easing geopolitical tensions between the United States and Iran.

The surge in BlackRock’s purchases came amid a broader recovery across the U.S. spot Bitcoin ETF market, which collectively recorded net inflows of roughly $471.4 million on the day. This marked one of the strongest daily inflow sessions in recent weeks.

Net Bitcoin ETF inflows. Source: Coinglass

Beyond BlackRock’s contribution, Fidelity’s Wise Origin Bitcoin Fund attracted about $147.3 million, while ARK Invest and 21Shares’ ARKB fund brought in approximately $118.8 million.

Smaller inflows were recorded by Bitwise’s BITB at around $3.8 million and VanEck’s HODL with roughly $2 million, while Grayscale’s Bitcoin product added about $17.6 million.

Ethereum ETF inflows trails Bitcoin 

In the Ethereum ETF segment, overall inflows were more modest but still positive, totaling approximately $120.2 million across all products. 

BlackRock was followed by Fidelity’s Ethereum fund with about $40.1 million. Grayscale’s Ethereum products contributed a combined $17.2 million, while smaller issuers such as 21Shares added roughly $2.1 million.

Net Ethereum ETF inflows. Source: Coinglass

Market participants will be watching closely to see if this trend is sustainable over the long term and can build on the gains recorded in March. 

Notably, spot Bitcoin ETFs ended a four-month streak of outflows by posting $1.32 billion in net inflows during March 2026, marking the first positive monthly performance of the year.

This reversal came after significant redemptions earlier in the quarter, leaving the first quarter with a net outflow of roughly $500 million despite the late surge.

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