BlackRock Bitcoin ETFs Capture Over Half of the Sector's Market Share

BlackRock clients now hold 890,000 Bitcoin in ETFs, representing more than 50% of the sector's market share. The firm's crypto exchange-traded products pulled in $935 million in net inflows during the first quarter of 2026, generating $42 million in quarterly base fees. This institutional appetite for riskier assets followed a reduction in inflation concerns as crude oil prices held beneath $100 per barrel. The price retreat in oil was driven by President Trump's revelation that communication channels between Washington and Tehran have been established. On April 6, U.S. spot Bitcoin ETFs recorded $471 million in net positive flows, their most robust single-session performance since February. Total cumulative inflows for these vehicles since their January 2024 debut have surpassed $56 billion. In April 2026, Morgan Stanley became the first Wall Street bank to launch a Bitcoin ETF with lower fees to compete with BlackRock.