NEW YORK, April 23, 2026, 03:48 EDT
U.S. spot bitcoin ETFs attracted $335.8 million on Wednesday, while spot ether ETFs added $96.4 million, marking another day of strong inflows as crypto-fund interest bounced back. Early Thursday, bitcoin hovered close to $80,000, recently quoted at $78,119, with ether trading at $2,351.36.
Spot ETFs—publicly traded funds that mirror the token’s price—are now a direct gauge of traditional investor appetite for crypto. In the past seven U.S. trading days, bitcoin funds pulled in roughly $1.87 billion, while ether funds brought in another $474 million. All told, that’s $2.35 billion flowing into the two combined.
The run of inflows continues as Wall Street wades further into the space. Morgan Stanley rolled out a spot bitcoin fund earlier this month, Reuters reported Tuesday. Just last week, Goldman Sachs submitted paperwork for its own debut bitcoin ETF, joining a market once dominated by niche asset managers.
BlackRock’s iShares Bitcoin Trust (IBIT) pulled in $246.9 million on Wednesday, topping the day’s spot bitcoin ETF flows. Fidelity’s FBTC picked up $56.7 million. Outflows at Grayscale’s GBTC hit $16.6 million. Over in ether ETFs, BlackRock’s ETHA brought in $53.6 million, with $40.6 million moving into Fidelity’s FETH, according to Farside. Grayscale’s ETHE posted $9.2 million in outflows.
BlackRock still dominates this space. As of April 22, its website listed $63.66 billion in net assets for IBIT—ETHA, by comparison, was sitting at $7.59 billion. The numbers highlight just how far out front BlackRock is versus smaller competitors.
“A bank entering the crypto ETF market adds legitimacy to it,” Morningstar ETF analyst Bryan Armour told Reuters back in January, after Morgan Stanley filed for bitcoin and solana ETFs. Last week, Armour weighed in on Goldman’s proposed bitcoin fund—designed to couple bitcoin exposure with options income—calling it “a hard sell” since investors would still face downside risk. Reuters
Demand isn’t just a U.S. story. In Hong Kong this week, Bitfire Group CEO Livio Weng told Reuters, “market demand for such products is huge” as the firm rolls out a bitcoin-denominated strategy, structuring derivatives on either bitcoin itself or BlackRock’s IBIT. Reuters
The bounce hasn’t erased long-standing risks. BlackRock’s disclosures flag both IBIT and ETHA as highly risky, pointing to potential principal loss and wild price swings. Armour also noted Goldman’s soon-to-launch product isn’t immune—holders would remain vulnerable to price drops.
At the moment, the message in the short run is clear: new inflows are landing mostly at BlackRock and a handful of rivals. That steady appetite for ETFs is doing its part to keep bitcoin hovering close to the $80,000 mark.
