BlackRock ramped up its Bitcoin holdings by $612.1 million over the past five days, according to data from Arkham Intelligence. The asset manager executed the purchases through its iShares Bitcoin Trust (IBIT), which currently leads the U.S. market in spot Bitcoin ETF inflows.
The buying spree continued even as diplomatic efforts between the United States and Iran stalled following a 21-hour meeting in Pakistan. Despite the heightened geopolitical tension, BlackRock maintained its accumulation strategy for its crypto portfolio.
As of April 13, 2026, BlackRock’s crypto holdings are valued at approximately $62.75 billion. Bitcoin remains the centerpiece of this portfolio, with the firm holding roughly 788,927 BTC valued at $56 billion. Ethereum constitutes the firm's second-largest digital asset position, with over 3 million ETH held, worth about $6.7 billion.
Market volatility and unrealized losses
Coinbase Prime continues to serve as the primary custody and execution partner for these operations. The platform manages nearly all deposits and withdrawals linked to BlackRock’s digital asset activities.
Despite heavy accumulation, the total value of BlackRock’s crypto holdings has retreated from a 2025 peak of $110 billion. This decline stems from a broader price correction across the cryptocurrency market rather than divestment.
Bitcoin currently trades near $71,000. With an estimated average entry price of $89,000 for IBIT investors, the fund is currently facing approximately $12 billion in unrealized losses.
However, data from SoSoValue confirms that investor appetite remains steady. U.S. spot Bitcoin ETFs recorded $240.42 million in daily net inflows as of April 10. Cumulative net inflows across the entire category have reached $56.76 billion, with total net assets hovering near $94.98 billion.
IBIT remains the dominant fund in the sector. It accounts for $63.73 billion in cumulative inflows and holds $57.81 billion in net assets, significantly outpacing competitors from Fidelity Investments and Grayscale Investments.
