BlackRock's Bitcoin Fund Proves Institutional Durability Amid 25% Price Drop
HK
Harper Kingsley
Bitcoin ETF · Apr 14, 2026
Source: DojiDoji Data Terminal
Institutional investors did not redeem their holdings in BlackRock's IBIT fund during a quarterly price drawdown of more than 25%. Bitcoin fell from approximately $87,000 at the start of January to roughly $66,000 at the end of March, the asset's worst quarterly performance since 2018. While the broader US spot Bitcoin ETF market saw outflows in January and February, March reversed the trend with approximately $1.3 billion in industry-wide inflows.
IBIT recorded net inflows on 48 of 62 trading days during the quarter, capturing an estimated $8.4 billion in net inflows. The fund ended the period with approximately $55 billion in assets under management and holds more than 800,000 Bitcoin. This volume gives IBIT a 45 to 49 percent share of the total US spot Bitcoin ETF market by assets.
These figures arrived as BlackRock reported first quarter 2026 revenue of $6.7 billion, up 27% year over year. Adjusted earnings per share were $12.53. Across its entire platform, BlackRock recorded $130 billion in total net inflows, with the iShares ETF complex accounting for $132 billion in net inflows. The total net inflows into BlackRock's crypto ETFs for the quarter were approximately $935 million.