BlackRock Sweeps Up $1 Billion in a Week, Will it Rekindle the Crypto Rally?

▲ BlackRock, Bitcoin (BTC), Ethereum (ETH)/AI generated image ©

Global asset manager BlackRock has once again demonstrated institutional investors' insatiable appetite for the cryptocurrency market, including the leading cryptocurrency Bitcoin (BTC) and XRP (Ripple), by vacuuming up virtual assets worth nearly $1 billion in just one week.

According to crypto media outlet Finbold on April 25 (local time), BlackRock accumulated a total of $931.6 million worth of cryptocurrencies over the past five trading days, driven by strong capital inflows into its Bitcoin spot ETF and Ethereum (ETH) spot ETF. The vast majority of this buying spree, totaling $732.6 million in net inflows, came through BlackRock's iShares Bitcoin Trust.

Bitcoin spot ETF inflows were particularly strong in the middle of the week. Massive capital inflows of $256 million and $246.9 million on April 20 and 22, respectively, marked the peak of accumulation. This strong momentum continued on the 23rd with an additional $167.5 million, but the enthusiasm cooled somewhat on the 24th, dropping to $22.9 million. Despite some outflows from competing funds, the overall trend clearly showed institutions' continued expansion of exposure to the leading cryptocurrency.

Ethereum, the leading altcoin, also saw consistent, albeit smaller, capital allocation. BlackRock's Ethereum spot ETF attracted approximately $199 million in net inflows during the same period. After peaking at $89.3 million on April 20, it continued its positive trend with $52.5 million on the 21st and $53.6 million on the 22nd. It briefly stumbled on the 23rd with a net outflow of $21 million but successfully rebounded on the 24th with a net gain of $24.6 million.

As the cryptocurrency market shows a full recovery, institutional investors are continuously pouring massive capital into US spot exchange-traded funds this month. Bitcoin funds are performing most strongly since 2026, and Ethereum products are also recording a consecutive streak of capital inflows. The total Bitcoin spot funds recorded inflows for 8 consecutive trading days until April 23, attracting approximately $2.1 billion in new capital.

Driven by this explosive buying spree, total inflows in April surged to $2.4 billion, double that of March, and the cumulative capital flow since the beginning of the year also immediately turned positive, signaling a green light for the market's long-term bullish outlook.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*