Bitcoin ETFs Maintain Impressive Gains, BlackRock Leads With Nearly $1 Billion Inflows

Ether ETFs Also See Positive Signals for Third Consecutive Day

The crypto exchange-traded fund market continues to show strong appeal from institutional investors, as capital continued to flow into Bitcoin ETFs on April 28, marking the seventh consecutive day of positive inflows. In total, Bitcoin ETFs attracted an additional $591 million, despite signs of withdrawals from some large funds.

Among them, BlackRock’s IBIT – a giant in the asset management industry – with an impressive inflow of up to $970.93 million, almost single-handedly supporting the entire market. This was offset by significant outflows from Ark 21Shares’ ARKB ($226.3 million), Fidelity’s FBTC ($86.87 million), and Grayscale’s GBTC ($42.66 million). Smaller funds like Bitwise’s BITB and VanEck’s HODL also saw outflows of $21.13 million and $2.68 million, respectively.

Despite outflows from some ETFs, the overall market remained positive. Bitcoin ETFs traded $2.42 billion on the day, while total net assets surpassed $109.3 billion, reflecting growing confidence from institutional investors.

On the Ethereum side, ETFs are also showing signs of a steady recovery. Monday marked the third consecutive day of inflows, with a total of $64.12 million flowing into ETH funds. BlackRock’s ETHA continued to be a bright spot, attracting $67.47 million in new capital. Bitwise’s ETHW, on the other hand, saw $3.35 million in outflows, slightly dampening the overall gains.

Trading volume for Ether ETFs reached $266.32 million, with total net assets now at $6.2 billion – an encouraging sign for fund managers and investors tracking the altcoin market.

With both Bitcoin and Ether ETFs continuing to rally, the new week is starting with optimism. The steady interest from traditional finance shows the maturity of the digital asset market, while also cementing the position of ETF products as a safe bridge between traditional finance and the crypto world.