Share this article
BlackRock Bitcoin and Ether ETF Inflows Declined 83% in Q1 to $3B
Total digital asset AUM rose to more than $50 billion, a large number but a relatively minor proportion of BlackRock's more than $10 trillion under management.
Updated Apr 11, 2025, 6:09 p.m. Published Apr 11, 2025, 2:24 p.m.
What to know:
- BlackRock's crypto ETFs saw $3 billion in net inflows in the first three months of 2025, down 83% from what was a particularly strong fourth quarter.
- Digital asset funds accounted for 2.8% of total iShares inflows and fees made up less than 1% of the BlackRock's long-term revenues.
In no surprise given the lame crypto price action in the first quarter of 2025, BlackRock (BLK) posted a sizable slump in net inflows into its spot bitcoin and ether ETFs.
In all, investors put $3 billion into BlackRock’s digital asset-focused ETFs in the first three months of the year, according to the company's first quarter earning report. That's an 83% drop from what was a big inflow number in the fourth quarter as prices and sentiment shot higher alongside the Trump election victory.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Taken alone, the first quarter number still signals strong demand for crypto-linked funds, even as prices deteriorated.
That $3 billion represents 2.8% of the total inflows into BlackRock’s mammoth iShares ETFs in the first quarter, which also include active, core equity, and strategic funds, among smaller categories. BlackRock at quarter's end managed roughly $50.3 billion in digital assets, or about 0.5% of its total assets of more than $10 trillion.
Digital asset ETFs accounted for $34 million in base fees, or less than 1% of the company’s long-term revenue.
The decline in bitcoin and ether ETF inflows last quarter came alongside a 70% quarterly fall in iShares' overall inflows to $84 billion from $281 million as global markets attempted to navigate the changing macroeconomic environment under President Trump.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Holds Near $92K as Selling Cools, but Demand Still Lags
ETF inflows have finally turned positive, but weak on-chain activity, defensive derivatives positioning, and negative spot CVD show a market stabilizing without the conviction needed for a sustained move higher.
What to know:
- Bitcoin markets in Asia are stabilizing but remain structurally weak, with short-term holders dominating supply.
- U.S. ETF flows have shown signs of stabilization, but on-chain activity remains near cycle lows, indicating weak capital inflows.
- Bitcoin and Ether have seen price recoveries driven by spot demand and improved sentiment, while gold is supported by U.S. labor data and Fed rate cut expectations.
Top Stories
