BlackRock bought $780 million of these two cryptocurrencies last week
BlackRock bought $780 million of these two cryptocurrencies last week 
Cryptocurrency Apr 13, 2026 Share
BlackRock, the world’s foremost asset manager, is once again ramping up its cryptocurrency exposure through its spot exchange-traded funds (ETFs).
Last week, between April 6 and April 10, the investment company purchased roughly $780 million worth of Bitcoin (BTC) and Ethereum (ETH).
The iShares Bitcoin Trust (IBIT) led the surge with the highest inflows among U.S. spot Bitcoin ETF issuers, attracting approximately $612 million in net inflows.
This marked a sharp jump of roughly 3,636% from the $16.38 million recorded the week prior, according to SoSoValue data.
BlackRock’s IBIT weekly flow. Source: SoSoValue
At the same time, investors funneled around $186 million into the iShares Ethereum Trust (ETHA). For comparison, the week before that saw nearly $64 million in outflows.
BlackRock’s ETHA weekly flow. Source: SoSoValue
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In total, BlackRock’s crypto holdings sit at about $62.46 billion at the time of writing, cementing its position as the largest issuer of spot crypto ETFs.
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However, the value of the portfolio is still far beloiw the peak of over $110 billion recorded in late 2025, although it must be mentioned that the change reflects primarily a correction in cryptocurrency prices, not large-scale selling.
Indeed, last week’s inflows point to growing confidence among institutional investors, even as the U.S. and Iran fail to negotiate peace.
Despite continued buying, though, many BlackRock investors remain below their entry point. For example, Arkham estimates place the average IBIT acquisition cost at around $89,000 per Bitcoin, compared to current levels near $71,000.
It could, however, be argued that investors are adding to positions at lower prices to reduce overall cost basis, meaning that institutional appetite for Bitcoin remains strong. Accordingly, ETF issuers are likely to continue being a dominant force in global markets.
Featured image via Shutterstock
