BlackRock Withdraws $112M From IBIT as Crypto ETFs Fall
BlackRock withdrew $112.25 million from its IBIT Bitcoin ETF as spot Bitcoin funds saw $89.68 million in net outflows and Ether ETFs lost $21.80 million on April 28.
On Tuesday, April 28, BlackRock removed $112.25 million from its iShares Bitcoin Trust (IBIT) as spot Bitcoin ETFs reported $89.68 million in net outflows and Ether ETFs posted $21.80 million in net redemptions. The session was the second consecutive day of outflows across the two largest crypto ETF categories.
IBIT accounted for the largest single withdrawal. Bitwise’s BITB had $13.65 million in outflows and Fidelity’s FBTC recorded $4.98 million in redemptions. Ark & 21Shares’ ARKB drew $41.20 million in inflows, leaving the overall Bitcoin ETF segment negative for the day. Over the past two trading sessions, spot Bitcoin ETFs recorded about $353 million in net outflows.
Trading activity remained active. Total value traded across Bitcoin ETFs was roughly $1.35 billion on the day, and the group’s combined net assets closed at $100.39 billion.
Ether ETFs registered $21.80 million in net outflows spread across three funds. BlackRock’s ETHA led Ether withdrawals with $13.17 million, Grayscale’s ETHE recorded $6.91 million in outflows, and Fidelity’s FETH saw $1.72 million leave the fund. BlackRock’s ETHB reported no trading activity that day. Total trading volume for Ether ETFs was $428.61 million and net assets across the suite stood at $13.57 billion.
Other fund flows were mixed. XRP ETFs recorded $2.20 million in inflows, all directed to Canary’s XRPC. Solana ETFs posted no net flows for a second consecutive session and held net assets of $857.99 million.
All figures are based on daily ETF flow and asset data for April 28.
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