tl;dr
Spot Bitcoin ETFs in the US have experienced a strong resurgence with seven consecutive days of net inflows, totaling over $3.7 billion since April 17. On April 28, BlackRock’s IBIT led with nearly $971 million in inflows—the highest since November 7—and increased its assets under management to over...
Spot Bitcoin ETFs in the US have experienced a strong resurgence with seven consecutive days of net inflows, totaling over $3.7 billion since April 17. On April 28, BlackRock’s IBIT led with nearly $971 million in inflows—the highest since November 7—and increased its assets under management to over $42 billion.
Despite overall positive inflows in Bitcoin ETFs, several competitors including Fidelity’s FBTC, Bitwise’s BITB, Ark Invest’s ARKB, and Grayscale’s GBTC faced net outflows. ARKB experienced the largest losses, shedding $226.3 million.
BlackRock’s IBIT ETF has attracted an average of $130.2 million in daily inflows since its establishment in January last year, cementing its position as the world’s largest Bitcoin ETF with $42 billion in assets under management. This surge represents a significant turnaround following a period of declines attributed to trade tensions and tariffs.
Spot Ethereum ETFs are also showing signs of recovery from economic uncertainty, recording $231.7 million in net inflows over the past three days. BlackRock’s ETHA fund led these inflows, posting $40 million on April 24, $54.4 million on April 25, and $67.5 million on April 28—the highest since February 4.
The renewed interest in spot Bitcoin and Ethereum ETFs points to a potential trend reversal in the crypto investment landscape, reflecting growing investor confidence after months of market stress related to geopolitical and economic factors.