BlackRock’s iShares Bitcoin Trust (IBIT) dominated U.S. spot Bitcoin ETF inflows in April 2026, capturing $1.71 billion of the $2.44 billion total-a 70% market share.
Bitcoin’s price rose 12% to approximately $77,700, supported by easing geopolitical tensions in the Middle East, particularly an Iran ceasefire reopening the Strait of Hormuz. The de-escalation has alleviated oil supply fears and fostered a favorable environment for risk assets.
While BlackRock’s wealth management clients purchased only $136.6 million, the launch of the firm’s Bitcoin 101 advisor curriculum signals a potential shift toward broader institutional adoption. Despite robust inflows, market sentiment remains skeptical about Bitcoin reaching $94,000 by May 3.