⚡ 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