BlackRock’s iShares Bitcoin Trust (IBIT) took in $612 million for the week ending April 11, cementing its leadership in a volatile week for cryptocurrency investment products. The fund’s performance accounted for the vast majority of the $789 million in total net inflows recorded across all U.S. spot Bitcoin ETFs.
The surge in demand for IBIT, which included a single-day inflow of $269.3 million on Thursday, helped reverse two straight days of net outflows for the sector, according to data from Farside Investors. The move signals renewed institutional appetite as Bitcoin trades around $72,100, well below its recent 2026 peak of nearly $97,000.
While BlackRock dominated the week, the period was marked by significant rotation among issuers. Fidelity’s FBTC and Ark & 21Shares’ ARKB led redemptions earlier in the week, with combined outflows of over $150 million on Wednesday alone. However, Fidelity’s fund rebounded with a $53.3 million inflow on Thursday. The sector as a whole is now approximately $80 million shy of recovering its year-to-date inflows after finishing 2025 with $56.59 billion in cumulative net flows.
The shifting flows highlight an increasingly competitive market, underscored by Morgan Stanley’s recent launch of its Bitcoin Trust (MSBT). The bank’s entry vehicle, which carries a market-low 0.14% fee, attracted a respectable $30.6 million on its first day of trading. The move intensifies an ongoing fee war and leverages Morgan Stanley's vast wealth management network to challenge established players like BlackRock and Fidelity. While IBIT remains the market's liquidity leader, analysts note that distribution power and low costs are shaping the next phase of competition for investor assets.
This article is for informational purposes only and does not constitute investment advice.
