Amid the short-term surge in Bitcoin ( BTC ) prices, BlackRock , the world’s largest investment firm, has increased its exposure to the asset with nearly $250 million accumulated within 48 hours. The firm’s iShares Bitcoin Trust recorded net inflows of $34.7 million on April 13, followed by a much larger $213.8 million on April 14, totaling approximately $248.5 million over two days. At the same time, the inflows came as the broader U.S. spot Bitcoin ETF market showed a notable shift over the same period. On April 13, the sector experienced significant net outflows of $291 million, driven by heavy redemptions across several funds. However, sentiment reversed the following day, with total net inflows rebounding to $411.4 million as multiple issuers posted strong gains. Bitcoin net spot Bitcoin ETF inflow. Source: Coinglass This turnaround was supported by widespread inflows across key ETFs, including those managed by Fidelity Investments and ARK Invest, alongside BlackRock’s dominant contribution at a time when Bitcoin is aiming to reclaim the $75,000 level. Broader crypto ETF turns positive The broader picture for the week remained positive overall, with U.S. spot Bitcoin ETFs logging roughly $871 million in net inflows for the prior full week, the strongest weekly total since February, pushing year-to-date flows back into positive territory near $2 billion. Ethereum products also showed resilience, with weekly inflows of around $187 million, marking a reversal from recent outflows. Meanwhile, Wall Street’s deepening involvement in the cryptocurrency market has added fresh momentum to the products. Specifically, Morgan Stanley’s Bitcoin Trust (MSBT), which launched on April 8 as the first spot Bitcoin ETF from a major U.S. bank, has continued drawing steady interest, supported by its low 0.14% expense ratio. Additionally, in a notable development on Tuesday, Goldman Sachs filed with the SEC for its first Bitcoin-related ETF, a Bitcoin Premium Income ETF. The actively managed product seeks to provide spot Bitcoin exposure while generating additional yield through options strategies. Analysts anticipate a potential launch in the coming months, signaling further innovation in income-focused crypto products. By press time, Bitcoin was trading at $74,082, having recorded a modest drop of nearly 1% in the past 24 hours, while on the weekly timeframe, BTC remains up 1.3%. The post BlackRock scooped up almost $250 million of this crypto in 2 days appeared first on Finbold .
