BlackRock Can't Stop, Won't Stop: $780M Bitcoin and Ethereum Shopping Spree

BlackRock apparently missed the memo about crypto winter, staging another institutional shopping extravaganza. Between April 6 and April 10, the world's largest asset manager dropped roughly $780 million on Bitcoin and Ethereum through its spot ETF vehicles. Apparently, when you're the size of a small country, $780 million is just walking-around money.

The iShares Bitcoin Trust (IBIT) absolutely dominated the inflows, pulling in approximately $612 million in net inflows. That's a jaw-dropping 3,636% surge compared to the $16.38 million recorded the week prior, per SoSoValue data. To put that in perspective, that's like going from buying your friend a coffee to casually funding their startup.

Meanwhile, the iShares Ethereum Trust (ETHA) quietly snagged around $186 million. Just a week prior, that same fund hemorrhaged nearly $64 million in outflows, so someone clearly had a change of heart faster than a memecoin influencer pivoting to a new narrative.

BlackRock's total crypto holdings now sit at approximately $62.46 billion, comfortably maintaining its crown as the largest spot crypto ETF issuer. For context, that figure is still well