BlackRock Bets Big on Crypto: $357M in BTC, ETH Ahead of Ethereum ETF Launch
BlackRock has invested $357 million in Bitcoin and Ethereum, highlighting its growing confidence in cryptocurrencies. On June 5, 2025, it acquired 2,704 BTC ($283.9M) and 28,239 ETH ($73.2M), aligning with institutional interest following the U.S. SEC’s approval of spot Ethereum ETFs.
While Bitcoin whale activity is cooling after recent gains, Ethereum whales are accumulating more ETH, signaling a shift in preference. Retail investor activity has slowed, but BlackRock’s entry may restore confidence and liquidity, especially in Ethereum.
With $11.5 trillion in AUM, BlackRock’s move underscores institutional endorsement of crypto, particularly Ethereum, due to its upcoming ETFs and network improvements. This could lead to increased ETH dominance and reshape the broader crypto market.
