This week, BlackRock purchased $589 million of the two cryptocurrencies.

crypthub

2 days ago

Crypto Accumulation

BlackRock accelerated its crypto purchases this week using its spot ETFs, acquiring $589.16 million in Bitcoin and Ethereum over four trading days ending April 9. The firm, with more than $11 trillion in assets under management, now holds a substantial stake in both assets. This aggressive buying underscores its confidence in the ongoing market recovery.

ETF Inflows

The iShares Bitcoin Trust recorded a net cash inflow of $474.5 million, a 2,794 % rise from the previous week’s $16.38 million. The iShares Ethereum Trust added $114.66 million, potentially ending three weeks of $418.69 million outflows. Combined, the two ETFs hold $63.55 billion, making BlackRock the largest spot crypto‑ETF issuer.

Market Impact

IBIT posted its biggest daily inflow since March 4 2026 at $269.34 million, while ETHA saw a $90.94 million surge, the strongest since January 15 2026. ETHA’s assets now total $6.75 billion, representing about 2.53 % of Ethereum’s circulating supply. Despite a 25 % price decline, IBIT added roughly 15,000 BTC in Q1 2026, highlighting sustained institutional demand.

This week, BlackRock purchased $589 million of the two cryptocurrencies.

Crypto Accumulation

ETF Inflows

Market Impact

This week, BlackRock purchased $589 million of the two cryptocurrencies.