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Post is by: Any_Pomegranate1134 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1sslc0g/what_is_the_most_traded_cryptocurrency_in_the/ he main trend shows that **institutional investors are currently the primary buyers** of both Bitcoin and Ethereum through regulated spot ETFs, with Ethereum attracting more new capital than Bitcoin in the most recent trading sessions . Here are the latest net flows for the US spot ETFs as of April 21, 2026: |Asset|Daily Net Inflow|Recent Streak| |:-|:-|:-| |**Bitcoin (BTC)**|**$11.8 million** |6 consecutive days of inflows | |**Ethereum (ETH)**|**$43.4 million** |9 consecutive days of inflows | # 🔍 Who is Buying Right Now? The buying activity is heavily concentrated among large institutions, with a clear leader emerging. * **BlackRock is the Dominant Buyer**: The world's largest asset manager is leading the charge for both assets. On April 21 alone, BlackRock's Bitcoin ETF (IBIT) saw **$39.3 million** in inflows, while its Ethereum products (ETHA and ETHB) pulled in over **$52 million** combined . A day earlier, on April 20, the firm bought over **3,350 BTC and 38,280 ETH** in a single day . * **MicroStrategy is a Major Corporate Buyer**: The business intelligence firm continues to aggressively accumulate Bitcoin. Over the recent week, MicroStrategy spent **$2.54 billion** to add **34,164 BTC** to its holdings, surpassing BlackRock to become the largest corporate holder of Bitcoin . * **Other Institutional Activity**: "Whales" (large holders) have accumulated over **45,000 Bitcoin** in the past week, the highest pace since July 2025 . Additionally, asset manager Bitmine added **101,627 ETH** in the third week of April, marking its largest single-week purchase of the year . # 📈 What's Driving These Flows? The movement of capital into crypto ETFs is being driven by a few key factors: * **ETF Momentum and Access**: Spot ETFs provide a familiar, regulated way for traditional institutions like pension funds and wealth managers to gain exposure to crypto without directly holding the assets . The recent consistent inflows indicate that many see current price levels as an attractive entry point . * **Macroeconomic and Political Climate**: The market has been buoyed by news that the US-Iran ceasefire has been extended, which has boosted overall market confidence . Furthermore, recent statements from Kevin Warsh, the nominee for Federal Reserve Chair, that "crypto is now part of the US financial system" have reinforced the asset class's growing mainstream acceptance . * **A Shift Towards Ethereum**: While Bitcoin ETFs have seen massive inflows in the past, the data for April 21 shows a clear rotation of *new* capital favoring Ethereum. This suggests institutional investors are now increasing their allocation to Ethereum, possibly viewing it as a more established part of a long-term crypto portfolio . This is supported by a 41% increase in Ethereum's daily transaction volume and the mint of 1 billion new USDT on its network, which are signs of growing on-chain activity . # 📊 A Note on Outflows and Mixed Signals It's important to note that not all products are seeing inflows. The positive net numbers are driven by a few specific funds, masking outflows from others. * **Grayscale's Products are Seeing Outflows**: The Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) saw outflows of **$17.5 million** and **$12.1 million** respectively on April 21 . This is a long-running trend as investors move from Grayscale's higher-fee products to newer, cheaper spot ETFs. * **Mixed Flows Among Issuers**: While BlackRock is buying, other major issuers like Fidelity and Bitwise saw outflows from their Bitcoin ETFs on the same day, highlighting that strategies vary among institutions . In summary, institutional investors, led by **BlackRock** and **MicroStrategy**, are the primary buyers, accumulating both Bitcoin and Ethereum via spot ETFs. While Bitcoin has seen massive accumulation, **Ethereum is currently attracting more fresh capital** on a daily basis. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
The key takeaway isn't just that 90% didn't panic sell, but why the on-chain data confirms it. During Bitcoin's 47% drop from $126K to $66K, IBIT saw only 0.2% in redemptions—that's diamond-hand behavior from retail and advisors, not hedge funds. More importantly, exchange supply just hit its lowest level since November 2017. This means coins aren't just staying in ETFs; they're moving to self-custody en masse. You have long-term holders refusing to sell and withdrawing liquidity from exchanges simultaneously. This combination creates a supply shock setup. When demand returns, there's significantly less sell-side liquidity available. BlackRock doubling down with their staked Ether ETF (ETHB) during this drawdown shows their conviction isn't just PR—it's strategic positioning for the next leg up.
I just swapped my FETH to ETHB. Both have the same 0.25% nominal fees, but with the initial fee discount, I don't see the reason to leave things in FETH right now, other than the minimal risk of slashing. Fidelity should absolutely follow suit.
When could ETHB be trading?
What would happen to ETHA? Would it be upgraded to ETHB?
tldr; BlackRock is introducing the iShares Staked Ethereum Trust ETF (ETHB), which actively stakes Ethereum to generate yield while operating within a regulated ETF structure. The fund plans to stake 70-95% of its Ether holdings, with 82% of staking rewards returned to shareholders. This product combines traditional ETF access with Ethereum's staking rewards, potentially setting a precedent for yield-bearing crypto ETFs. If approved, ETHB could redefine institutional crypto investing by integrating regulation and on-chain yield generation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Anyone knows what happens to ETHA once ETHB goes live? Like who would invest in A when B includes staking yield?
tldr; BlackRock and Coinbase will retain 18% of staking revenue from BlackRock's upcoming Ethereum ETF, ETHB, with the remaining 82% going to investors. ETHB, which could become the largest Ethereum ETF, will generate staking yields estimated at 2.8% annually. The ETF will stake 70-95% of its Ether to balance yield generation and redemption requests. This move follows SEC guidance clarifying staking products are not securities. Concerns have been raised about Wall Street's influence on Ethereum governance due to such ETFs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; BlackRock, the world's largest asset manager, has filed an amended S-1 registration statement with the SEC, revealing its plans for the iShares Staked Ethereum Trust (ETHB). The fund, seeded with $100,000, aims to track Ethereum's price while generating passive yields by staking 70-95% of its assets. The fund offers an estimated annual yield of 3% and a reduced management fee of 0.12% for the first $2.5 billion in assets. BlackRock's move highlights growing institutional interest in Ethereum as an investment-grade asset. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
What happens when Blackrock offers a staked ETH (ETHB) ETF to compete?