CFJCRYPTO: post #5340 — TG.ME

BlackRock Buys $852 Million of Bitcoin & $316 Million of Ethereum

BlackRock’s ETF operations saw major crypto accumulation over a 48-hour period, with on-chain data showing 11,098 BTC worth about $852M and 132,769 ETH worth about $316M moving into its ETF-related wallets.

🔥 What’s Happening?

📌 BlackRock’s ETF-related wallets accumulated approximately $1.17 billion worth of Bitcoin and Ethereum in two days.

📌 The activity is linked to its IBIT and ETHA spot ETFs, meaning the purchases reflect demand for ETF shares rather than necessarily BlackRock making a discretionary corporate crypto bet.

🚀 Why This Matters?

🏦 Massive ETF activity highlights the continued institutional demand for Bitcoin and Ethereum.

🌍 Growing traditional-finance exposure could further strengthen the role of digital assets in mainstream investing.

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⚠️ Informational purposes only. Not financial advice. DYOR.

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August 24, 2026 20