Crypto 390

09/12 01:18

BlackRock crypto holdings cross $100B, but ETH buy

BlackRock crypto holdings cross $100B, but ETH buys slows 

BlackRock’s crypto stash topped $100 billion, less than two years since Spot BTC and ETH ETFs debuted. Will the ETH ETF staking approval expand the holdings? 

The world’s largest asset manager, BlackRock, now controls over $100 billion worth of crypto, underscoring increasing institutional demand for the asset class. 

According to Arkham data, the firm’s Bitcoin [BTC] holdings have grown to 740.5K coins worth about $85 billion as of press time. 

Ethereum [ETH] is the second-largest crypto asset held by BlackRock. As of writing, the firm had 3.66 million ETH, worth about $16B, collectively bringing its core holdings to over $100B. 

However, BlackRock’s ETH accumulation has lost some steam towards the end of Q3, compared to BTC. For BTC, it ramped up its stash from 698K BTC to over 740K, about 6% surge in the past two months. 

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