Blackrock Powers Inflow Into Bitcoin ETFs as Ether ETFs Hold Momentum With Third Day of Inflows
Bitcoin ETFs notched their seventh consecutive day of inflows, driven by Blackrock’s massive $971 million addition, despite sizable withdrawals from ARKB and FBTC. Ether ETFs also held firm, posting a third day of gains with $64 million in net inflows.
Investor confidence in crypto exchange-traded funds (ETFs) showed no signs of slowing as Monday, April 28, brought another wave of strong inflows, despite notable fund withdrawals. Bitcoin ETFs tallied a $591 million net inflow, marking their 7th straight day in the green.
The day was dominated by Blackrock’s IBIT, which saw a jaw-dropping $970.93 million pour in. That singular inflow helped counterbalance hefty outflows from other funds, including Ark 21Shares’ ARKB ($226.30 million), Fidelity’s FBTC ($86.87 million), and Grayscale’s GBTC ($42.66 million). Bitwise’s BITB and Vaneck’s HODL also posted red figures with $21.13 million and $2.68 million withdrawn, respectively.
Still, the bullish tone prevailed. Bitcoin ETF trading volume hit $2.42 billion for the day, and net assets climbed to $109.30 billion.
Source: Sosovalue
Ether ETFs, meanwhile, quietly kept their momentum alive. Monday marked the 3rd straight day of inflows, adding $64.12 million to the space. Blackrock’s ETHA was the lone inflow source, attracting $67.47 million. Bitwise’s ETHW trimmed the gains slightly with a $3.35 million outflow.
Trading volume for ether ETFs hit $266.32 million, and net assets rose to $6.20 billion, an encouraging signal as ETH products begin to catch their stride. Both bitcoin and ether ETFs now enter the week with strong tailwinds, reinforcing the narrative that institutional appetite for crypto remains strong, resilient, and broadening.