On April 30, 2025, BlackRock acquired 2,830 BTC—about $267 million.

Despite that, Bitcoin’s price drifted lower after several other major ETFs (Fidelity, Ark Invest, Grayscale and Bitwise) sold a combined $323.26 million worth of BTC.

The broader sell-off was sparked by weaker-than-expected U.S. GDP figures, which have renewed fears of an impending recession.