Large investors like BlackRock are pouring money back into U.S. Bitcoin exchange-traded funds (ETFs). After months of pulling money out, institutions have now recorded seven straight days of buying, pushing total assets across all 11 spot Bitcoin ETF products above $96.5 billion as of April 23, 2026.
The biggest inflow surge driver is BlackRock’s iShares Bitcoin Trust (IBIT). It recently crossed 800,000 Bitcoin in holdings and controls nearly half of all U.S. spot Bitcoin ETF assets. During the recent buying streak, IBIT alone brought in $1.9 billion — more than the entire month of March set on record.
Bitcoin (BTC) is now trading around $77,500 to $78,000, supported by this steady stream of institutional buying.
Investors’ eyes are set on April 2028
Although the global markets today are quite unstable, institutions seem to begin building their long-term positions with the 2028 Bitcoin halving looming on the distant horizon. The halving event, which occurs every four years, is typically a challenging period for miners and the crypto community.
Bitcoin’s next halving is expected in April 2028 — still two years away. Every four years, the halving cuts the reward miners receive in half, reducing how much new Bitcoin enters the market. Historically, prices have climbed in the year or two leading up to and following a halving. With that window now opening, some institutions appear to be building long-term positions early, using ETFs as a convenient and regulated way to get exposure. The halving is not an immediate trigger for today’s inflows, but it adds a long-term reason for large investors to keep buying and to do so before prices move higher.
