BlackRock Expands Its Crypto Holdings
Global investment giant BlackRock expanded its cryptocurrency exposure on October 22, purchasing roughly 28,600 Ethereum (ETH) valued at about $110.7 million. Also, the firm also added approximately $211 million worth of Bitcoin (BTC) through its spot exchange-traded funds (ETFs).
These transactions highlight BlackRock’s increasing interest in regulated crypto investment vehicles. The firm’s Ethereum acquisition underscores a broader institutional pivot toward blockchain-based assets, signaling that major players are looking beyond Bitcoin for diversified crypto exposure.
Strategic Moves Across Major Crypto Assets
According to reports, BlackRock’s Bitcoin purchase was made on behalf of clients of its iShares Bitcoin Trust (IBIT), which dominates the U.S. spot Bitcoin ETF market. The simultaneous Ethereum and Bitcoin acquisitions reveal a coordinated strategy to strengthen its position across the two leading digital assets.
This move aligns with a broader institutional trend of using spot ETFs to gain crypto exposure while mitigating custody and security risks. By purchasing both ETH and BTC on the same day, BlackRock may be aiming to balance exposure between crypto’s largest market segments — Bitcoin as “digital gold” and Ethereum as the foundation for decentralized applications.
Institutional Inflows and Market Implications
The scale of BlackRock’s recent purchases suggests growing institutional confidence in the long-term potential of digital assets. Analysts note that large inflows through spot ETFs can create structural support for crypto prices by reducing circulating supply.
Furthermore, the simultaneous ETH and BTC purchases strengthen the argument that asset managers now view crypto as a core component of modern portfolios rather than a speculative niche.
While BlackRock has not commented directly on these trades, the data points toward a continued accumulation trend. If this pace persists, it could tighten supply, drive upward price momentum, and mark a new era of institutional-led growth in the crypto sector.
