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BlackRock buys $1B in Bitcoin and Ethereum via ETFs in 48 hours, reflecting strong investor demand.

Market News
21 Aug 2026
Crypto Briefing
View Source
Bullish
BlackRock buys $1B in Bitcoin and Ethereum via ETFs in 48 hours, reflecting strong investor demand.

BlackRock purchased about 11,098 Bitcoin and 132,769 Ethereum worth roughly $1 billion over two days through its iShares Bitcoin Trust and iShares Ethereum Trust ETFs. These acquisitions are driven by investor demand for ETF shares, requiring BlackRock to buy the underlying crypto assets to back those shares. The activity highlights growing institutional interest in digital assets and the role of ETFs in facilitating large-scale crypto investments. BlackRock’s ETF inflows serve as a key indicator of institutional sentiment, as each new ETF share corresponds to actual crypto purchases, reducing market supply.

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