BlackRock's crypto portfolio increased by $4.8 billion in July, rising from $49.15 billion to about $53.95 billion, mainly due to gains in its iShares Bitcoin Trust ETF and iShares Ethereum Trust. Bitcoin's price rose 8.65% despite BlackRock reducing its Bitcoin holdings slightly, while Ethereum's price surged over 21%, supported by BlackRock purchasing more Ethereum tokens. This shift suggests institutional investors may be favoring Ethereum over Bitcoin amid clearer crypto regulations, potentially signaling a broader market trend.
Spot Bitcoin ETFs, launched in January 2024, have become the largest holders of Bitcoin by October 2026, collectively holding about 1.293 million BTC worth $107 billion, surpassing even Bitcoin's creator Satoshi Nakamoto. BlackRock's iShares Bitcoin ...
In early October 2026, BlackRock's crypto portfolio increased by $291.7 million, driven by a $545.57 million purchase of Bitcoin through its iShares Bitcoin Trust (IBIT). Meanwhile, its iShares Ethereum Trust ETF (ETHA) sold $253.87 million worth of ...
