BlackRock once again asserted its market leadership in the cryptocurrency ETF space, closing the week with a dominant performance that left competitors in the dust. On Friday, May 2, the asset management titan’s iShares Bitcoin Trust (IBIT) attracted a staggering $674.91 million in net inflows, accounting for 100% of Bitcoin ETF activity for the day.
No other U.S.-listed spot Bitcoin ETF recorded a single dollar in inflows or outflows, highlighting the increasing market centralization around IBIT. The surge pushed total daily trading volume to $2.90 billion, while the net assets of Bitcoin ETFs climbed to $113.15 billion.
BlackRock’s IBIT Dominates Bitcoin ETF Flows
The numbers reinforce BlackRock’s outsized influence in the digital asset investment space. Friday’s inflow alone accounted for more than double the average daily flows seen earlier in the week. Notably, there were no outflows, and no other fund provider registered inflows, showing IBIT’s solo momentum in the market.
This further solidifies IBIT’s position as the go-to instrument for institutional investors seeking exposure to Bitcoin in a regulated manner.
Ether ETFs Also Rise, Driven by BlackRock’s ETHA
Meanwhile, Ether ETFs kept their positive streak alive, albeit with smaller gains. BlackRock’s ETHA was the sole Ether ETF to see any action, logging $20.10 million in net inflows. All other ETH ETFs remained stagnant.
The total trading volume for Ether ETFs clocked in at $153 million, with net assets reaching $6.40 billion, a modest but consistent uptick that suggests increasing institutional confidence in Ethereum-based products.
BlackRock’s Market Impact Widens
With its unmatched influence, BlackRock is not just participating in the digital asset ETF space—it is shaping it. This week’s numbers highlight a trend that’s becoming hard to ignore: IBIT and ETHA are becoming market barometers for institutional sentiment in Bitcoin and Ether.
The performance underscores the growing appetite among traditional financial players for crypto exposure through regulated, transparent investment vehicles.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
