Investment giant snaps up staggering crypto haul, exceeding $900 million in just seven days

In a significant display of institutional investment appetite, BlackRock's cryptocurrency holdings surged by nearly $1 billion over the past week, largely fueled by substantial investments in its Bitcoin and Ethereum spot exchange-traded funds. A major driver of this growth was the iShares Bitcoin Trust, which witnessed an impressive $732.6 million in net investments spread across five trading sessions. Notably, the mid-week period saw the most pronounced influx of capital, with $246.9 million and $256 million pouring in on April 22 and April 20, respectively. This streak continued on April 23, albeit at a slightly slower pace, with $167.5 million in additional investments. Although the momentum slowed towards the end of the period, with a more modest $22.9 million added on April 24, the overall trend underscored the sustained demand for Bitcoin exposure among institutional investors. Meanwhile, Ethereum also experienced steady, albeit smaller, investments, with BlackRock's Ethereum ETFs collectively drawing approximately $199 million in net investments over the same period. The most significant inflows for Ethereum occurred on April 20, with $89.3 million, followed by $52.5 million on April 21, and $53.6 million on April 22. However, this upward trend was briefly interrupted on April 23, with a net outflow of around $21 million, before rebounding on April 24 with a net gain of $24.6 million. In total, BlackRock's cryptocurrency investments swelled by approximately $931.6 million during the week. This development is part of a broader trend, as institutional investors continue to channel significant capital into U.S. spot cryptocurrency ETFs this month. Bitcoin funds, in particular, have experienced their most robust performance of 2026, while Ethereum products have maintained an extended streak of inflows. Spot Bitcoin ETFs saw an eight-day consecutive inflow streak through April 23, attracting around $2.1 billion in new capital, which propelled April's total inflows to approximately $2.4 billion – nearly twice the total for March – and shifted year-to-date flows into positive territory.