The world's largest asset management firm, BlackRock, has surpassed $100 billion in crypto assets under management (AUM).
The information comes from on-chain data from the Arkham Intelligence platform, which identified BlackRock's wallet addresses.
Bitcoin (BTC) represents the majority of its crypto portfolio, although positions in Ethereum (ETH) and other digital assets are also detected.
Key factors
Institutional demand: BlackRock has led the development of spot ETFs for Bitcoin and Ethereum, facilitating the entry of massive institutional capital.
Favorable regulation: Recent changes in the U.S. have allowed funds and managers like BlackRock to integrate cryptocurrencies into diversified portfolios without the same previous restrictions.
Long-term strategy: It is not limited to ETFs; BlackRock is also exploring tokenized financial products and stakes in blockchain infrastructure protocols.
Market impact
This movement strengthens the narrative that Bitcoin is an institutional asset, not just a speculative asset.
It may increase the confidence of large pension funds, insurers, and family offices to enter into crypto.
With BlackRock's exposure so high, it is likely to increase the liquidity and relative stability of BTC compared to other more volatile cryptocurrencies.