According to Arkham Intelligence, the asset management giant added $2.57 billion in Bitcoin and another $1.76 billion in Ethereum to […]
The post BlackRock’s Crypto Portfolio Surges to $93.9B Amid Ethereum and Bitcoin Buying Spree appeared first on Coindoo.
According to Arkham Intelligence, the asset management giant added $2.57 billion in Bitcoin and another $1.76 billion in Ethereum to its crypto holdings last week alone. Bitcoin now accounts for more than 92% of BlackRock’s crypto exposure, totaling $85.97 billion.
Ethereum isn’t lagging behind in demand. Institutional flows into ETH reached $2.12 billion for the week, nearly doubling previous records. Fidelity’s FETH product even briefly overtook BlackRock’s ETHA in net inflows, drawing over $240 million in just five days.
Beyond the majors, BlackRock is also dabbling in smaller tokens. Imagen Network, a Solana-based project, has quietly become its third-largest crypto holding, now valued at nearly $446,000.
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Since the start of July, BlackRock’s on-chain crypto portfolio has expanded by $14.3 billion—rising from $79.6 billion to just under $94 billion as of July 22.
The post BlackRock’s Crypto Portfolio Surges to $93.9B Amid Ethereum and Bitcoin Buying Spree appeared first on Coindoo.
Source: https://coindoo.com/blackrocks-crypto-portfolio-surges-to-93-9b-amid-ethereum-and-bitcoin-buying-spree/
[ajax_load_more]Benson Toti
Benson Toti
Benson Toti