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BlackRock buys $3.1B in Bitcoin and Ethereum amid crypto market recovery

Market News
28 Aug 2026
Finbold
View Source
Bullish
BlackRock buys $3.1B in Bitcoin and Ethereum amid crypto market recovery

BlackRock has purchased over $3.1 billion worth of Bitcoin and Ethereum in just eight days, acquiring 22,722 BTC and 385,633 ETH. This surge in buying coincides with a strong recovery in the broader cryptocurrency market. BlackRock's crypto funds, including the iShares Bitcoin Trust and Ethereum Trust ETFs, have seen significant cash inflows, boosting their total crypto assets to nearly $71.79 billion. This aggressive accumulation signals renewed institutional confidence in cryptocurrencies and could influence market trends going forward.

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