Bitcoin ETFs hit record $1.97B inflows in April, driven by a 12% price surge and BlackRock's IBIT dominance.

Bitcoin ETFs saw a record $1.97 billion in capital inflows in April 2026, up from $1.37 billion in March, fueled by Bitcoin's 12% price rise. BlackRock's iShares Bitcoin Trust ETF (IBIT) led inflows with about $2 billion, while Grayscale's GBTC experienced $280 million in outflows. Ethereum ETFs showed signs of recovery with $356 million inflows, though still down year-to-date. The ETF market is seeing capital concentration in a few funds, highlighting a shift from older products to newer structures. May's 13F filings will reveal institutional crypto ETF positions for Q1 2026.