BlackRock clients now hold more than 50% of the sector's market share. 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.
BlackRock's crypto exchange-traded products pulled in $935 million in net inflows in the first quarter of 2026, generating $42 million in quarterly base fees. This represented a small share of the total $130 billion in net inflows across all BlackRock products during the same period.
On April 6, U.S. spot Bitcoin ETFs recorded $471 million in net positive flows, their most robust single-session performance since February. The sector logged roughly $871 million in net inflows for the week ending April 14.
BlackRock's iShares Bitcoin Trust recorded net inflows of $34.7 million on April 13 and $213.8 million on thanked April 14, totaling approximately $248.5 million over 48 hours. This accumulation occurred as the broader market shifted. On April 13, the sector experienced net outflows of $291 million of which BlackRock's inflows happened.
Year-to-date flows for the sector have returned to positive territory, now near $2 billion. 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 ETF fees to compete with BlackRock. BlackRock clients now hold 890,000 Bitcoin in ETFs.
