BlackRock Bets $1 Billion in 3 Trading Days, Will It Lead a Virtual Asset Surge?

▲ BlackRock, Bitcoin (BTC), Ethereum (ETH)/AI Generated Image ©

BlackRock, the world's largest asset manager, has embarked on an aggressive buying spree, pouring over $1 billion into the virtual asset market in just three trading days. With the movement of massive capital observed rapidly accumulating leading cryptocurrency Bitcoin (BTC) and even Ethereum (ETH), market expectations for an explosive upward rally are reaching an all-time high.

According to crypto media outlet Finbold on May 6 (local time), BlackRock purchased a total of $1.047 billion worth of virtual assets through Bitcoin spot exchange-traded funds (ETFs) and Ethereum spot exchange-traded funds during the first three trading days of May 2026. The majority of the inflows came through the iShares Bitcoin Trust, which absorbed a total of $871.3 million across May 1, 4, and 5. Notably, on May 4, $335.5 million flowed in, marking the highest single-day inflow for a Bitcoin spot product this year.

Furthermore, on May 5, the iShares Bitcoin Trust secured an additional $251.4 million, demonstrating its overwhelming market dominance. This stands in stark contrast to the $18.4 million outflow from the competing Grayscale Bitcoin Trust on the same day. Fidelity Investments' products also showed strength, but in terms of daily inflow volume, BlackRock's products are firmly leading the market.

BlackRock's accumulation of Ethereum is also remarkable, not just Bitcoin. The company accumulated a total of $175.8 million through its Ethereum spot ETFs, ETIEHA and ETIEHB, during the same period. Following a combined $49.1 million for the two funds on May 1, $54.8 million flowed into ETIEHA alone on May 4, and on May 5, the buying momentum steadily increased with $69.5 million for ETIEHA and $2.4 million for ETIEHB.

These significant capital flows, while still smaller than the Bitcoin market, suggest a growing demand from institutional investors for Ethereum exposure through regulated fund products. The fact that BlackRock alone captured more than half of the total $467.3 million that flowed into all asset managers' Bitcoin spot ETFs on May 5 is highly significant.

Experts diagnose that such massive capital inflows are strong evidence of a fundamental shift in how institutional investors are approaching virtual assets. Driven by the fierce buying spree of large capital, Bitcoin has currently surpassed the $80,000 mark again, and Ethereum is cruising towards $2,500, firmly driving a broad market recovery.

*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.*