Bitcoin spot ETF net inflows of $471 million in a single day, BlackRock's IBIT claims the top spot

According to SoSoValue data, on April 6 (U.S. Eastern Time), the total net inflow of spot Bitcoin ETFs for the day reached $471 million, led by BlackRock’s IBIT with $182 million. As of the time of writing, the total net asset value of spot Bitcoin ETFs was $90.26B, accounting for 6.46% of Bitcoin’s total market capitalization. The historical cumulative net inflow has already reached $56.43B.

Spot Bitcoin ETF Fund Flows: IBIT and FBTC Lead the Way

(Source: SoSoValue)

Yesterday’s spot Bitcoin ETF net inflow was significant, with the top two ETFs accounting for nearly 70% of the total daily inflow:

Ranking by Major ETF Net Inflows (Single Day)

BlackRock IBIT: Net inflow of $182 million for the day; historical cumulative net inflow of $63.3B

Fidelity FBTC: Net inflow of $147 million for the day; historical cumulative net inflow of $11.11B

The pattern of funds remaining highly concentrated in the leading ETFs continues, reflecting that institutional investors’ preference for existing spot Bitcoin ETF products is stabilizing.

Spot Ethereum ETFs: Record a Synchronized Net Inflow of $120 Million

Spot Ethereum ETFs showed positive fund flows on the same day, with total net inflow reaching $120 million. BlackRock’s ETHA led with $60.8217 million, followed by Fidelity’s FETH with $40.0562 million. As of the time of writing, the total net asset value of spot Ethereum ETFs was $12.28B, accounting for 4.74% of Ethereum’s total market capitalization, with historical cumulative net inflow of $11.6B. With spot Bitcoin and spot Ethereum ETFs experiencing inflows in tandem, it suggests that institutional capital’s parallel allocation demand for the two major mainstream crypto assets remains steady.

Market Background: QCP Capital Interprets the Continuation of Risk-on Sentiment

In its analysis on April 6, QCP Capital noted that Trump has delayed action against Iran for the fourth time. Market immunity to the repeated pattern of “hardline statements + negotiation signals” is gradually forming. Expectations for pricing in geopolitical conflict escalation have cooled, oil prices have weakened, and stock index futures have remained stable.

Overall market sentiment is tilted toward risk-on. In March, Bitcoin ETFs had already recorded cumulative net inflow of about $1.32 billion. During Asian trading hours, when Bitcoin broke through $69,000 and Ethereum rose above $2,140, roughly $200 million in short liquidations were triggered in a relatively thin liquidity environment. QCP Capital reminded that with U.S. stocks reopening, the durability of this rebound still needs to be further validated.

BlackRock Applies for a Nasdaq 100 ETF to Expand Its ETF Footprint

Against the backdrop of strong capital attraction by crypto ETF products, BlackRock also submitted to the SEC the filing documents for an iShares Nasdaq 100 ETF (trading symbol IQQ), intending to enter a market long led by Invesco—whose QQQ has $374 billion in assets under management, and QQQM has $70 billion. If IQQ is approved, it would become the first Nasdaq 100 index ETF not managed by Invesco, further strengthening BlackRock’s diversified布局 in the global ETF market.

Frequently Asked Questions

Why did spot Bitcoin ETFs record a net inflow of $471 million yesterday?

QCP Capital’s analysis indicates that easing expectations for escalation in geopolitical conflicts and the broader institutional tilt toward risk-on are the main drivers. Bitcoin breaking through $69,000 during Asian trading hours also boosted market confidence, and BlackRock’s IBIT and Fidelity’s FBTC combined accounted for nearly 70% of yesterday’s total spot Bitcoin ETF inflows.

How much has BlackRock IBIT’s historical cumulative net inflow reached so far?

As of the time of writing, BlackRock IBIT’s historical cumulative net inflow is $63.3B. It is currently the largest spot Bitcoin ETF by scale, far exceeding Fidelity’s FBTC at $11.11B, and it holds a dominant position in the entire spot Bitcoin ETF market.

How large is the total assets of spot Bitcoin ETFs currently?

As of the time of writing, the global spot Bitcoin ETF total net asset value is $90.26B, accounting for 6.46% of Bitcoin’s circulating market capitalization. Historical cumulative net inflow is $56.43B, indicating that institutional capital’s long-term allocation demand for Bitcoin as a digital asset continues to be strengthened.