Blackrock’s $971 Million Bitcoin ETF Surge Keeps Crypto on Fire!

Ah, what a fine day for Bitcoin! The ETF market continues to bask in the warm glow of Blackrock’s latest move, as the crypto world watches its seventh consecutive day of gains—thanks, of course, to a certain $971 million gift from the titans at Blackrock. Ether ETFs aren’t far behind, securing a third consecutive day of victories with $64 million net inflows. Oh, and who says the party’s over? 🎉

The Never-Ending Roller Coaster of Crypto ETFs: Blackrock’s $970 Million and Ether’s Quiet Triumph

Hold on to your hats, folks—crypto ETFs are keeping us all on the edge of our seats. April 28 turned out to be another wild ride, with Bitcoin ETFs raking in a cool $591 million in net inflows. That’s right, seven days in a row! A streak that makes even the most hardened investor break into a smile—unless, of course, you’re one of the unlucky few watching your funds drain into the ether (pun intended).

Leading the charge was Blackrock’s IBIT, which saw an eye-popping $970.93 million flood in. Meanwhile, poor Ark 21Shares’ ARKB ($226.30 million), Fidelity’s FBTC ($86.87 million), and Grayscale’s GBTC ($42.66 million) felt the sting of investor retreat. Let’s not forget Bitwise’s BITB and Vaneck’s HODL—two more ETFs where the red numbers were far too real. In total, the day saw $2.42 billion in Bitcoin ETF trading volume. Not bad, huh? And the total net assets? A cozy $109.30 billion. 🤑

Source: Sosovalue

Meanwhile, over in Ether-land, things are looking peachy as well. With a quiet but steady rise, Ether ETFs have pulled in $64.12 million in net inflows. The undisputed star here? Blackrock’s ETHA, with a magnificent $67.47 million added to the mix. Of course, Bitwise’s ETHW didn’t quite share the same enthusiasm, losing $3.35 million along the way. But hey, you can’t win ’em all, right? 😅

Ether ETFs saw $266.32 million in trading volume for the day, and their net assets grew to $6.20 billion. The winds are clearly at their back as Ether ETFs finally begin to find their stride, slowly but surely catching up to Bitcoin. So here we are, with both Bitcoin and Ether ETFs cruising into the week with momentum, showing that institutional love for crypto is as strong, resilient, and—dare we say—growing, by the day. 🏎️

Read More

2025-04-29 17:57