BlackRock IBIT Captures $1.97B in April Bitcoin ETF Inflows
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for most of $1.97 billion in U.S. spot Bitcoin ETF inflows in April as Bitcoin briefly traded above $80,000.
U.S. spot Bitcoin ETFs recorded $1.97 billion in net inflows in April, the strongest month for the products so far in 2026, data from SoSoValue show. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for roughly $2 billion of those subscriptions.
April inflows exceeded March’s $1.37 billion and offset redemptions in January and February. Cumulative inflows for the ETF category since the products launched in early 2024 rose above $58 billion, SoSoValue data indicate.
IBIT’s intake was larger than the category total, which means other issuers collectively posted modest outflows in April. Grayscale’s Bitcoin Trust ETF (GBTC) continued a multi-quarter redemption pattern, shedding about $280 million. Smaller issuers, including Fidelity’s Wise Origin Bitcoin Fund, showed mixed daily results; a brief volatility spike produced combined redemptions around $490 million late in April.
Bitcoin climbed roughly 12% in April, briefly trading above $80,000 and closing the month about 11.9% higher than March. ETF buying removed spot supply from exchanges. Several public companies reported corporate treasury purchases during the month. Miners and short-term holders were active sellers at times.
Early May saw continued institutional inflows, with multi-day streaks that added more than $1 billion in single weeks and at least one single-day inflow above $1 billion. Volatility persisted, with isolated outflow days of several hundred million dollars occurring amid the inflow pattern.
Spot Ethereum ETFs reversed recent weakness, drawing $356 million in April, their first monthly inflow since October 2025. Combined demand for spot Bitcoin and Ethereum ETFs totaled about $2.3 billion for the month.
Fund fee differences affected flows: higher-fee products experienced redemptions while lower-fee ETFs captured the bulk of new subscriptions. Market participants identified macroeconomic developments, regulatory decisions and Bitcoin’s ability to hold the $80,000 area as factors that could affect future ETF demand.
