Black Rockthe world’s leading asset management firm, is once again ramping up its exposure to cryptocurrencies through its exchange-traded funds (ETFs).
Last week, between April 6 and 10, the investment firm purchased approximately $780 million worth of Bitcoin (Bitcoin) and Ethereum (Ethereum).
iShares Bitcoin Trust (He will go) led the rise with the highest flows among US Bitcoin ETF Issuers, attracting approximately $612 million in net inflows.
This represents a sharp jump of approximately 3,636% from the $16.38 million recorded the previous week, according to SoSoValue Data.
At the same time, investors transferred about $186 million into the iShares Ethereum Trust (ETHA). By comparison, the week before that saw outflows of approximately $64 million.
Demand for institutional cryptocurrencies rebounds
In total, BlackRock’s cryptocurrency holdings stand at approximately $62.46 billion at the time of writing, cementing its position as the largest issuer of spot cryptocurrency ETFs.
However, the value of the portfolio remains well below the peak of over $110 billion recorded in late 2025, although it should be noted that the change primarily reflects a correction in cryptocurrency prices, not widespread selling.
In fact, last week’s inflows indicate growing confidence among institutional investors, even as the United States and Iran fail to negotiate peace.
Despite continued buying, many BlackRock investors are still below the entry point. For example, Arkham Estimates Put the average cost of acquisition IBIT at around $89,000 per bitcoin, compared to current levels of closer to $71,000.
However, investors are arguably adding to their positions at lower prices to reduce the overall cost basis, meaning institutional appetite for Bitcoin remains strong. Accordingly, ETF issuers are likely to continue to be a dominant force in global markets.
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