BlackRock Boosts Crypto Holdings with Over $350M in BTC and ETH
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.
On-chain records show the firm recently added 2,704 BTC and over 28,000 ETH—combined, these holdings are valued at more than $350 million.
This accumulation comes as BlackRock’s flagship crypto product, the iShares Bitcoin Trust (IBIT), continues to surge. With over $72 billion in assets gathered in less than a year and a half, IBIT now ranks among the 25 largest ETFs in the world. Its meteoric rise is matched by inflows that rival some of the most successful ETFs in history—$15.5 billion arrived in the first quarter alone, according to Bloomberg’s Eric…
