According to new on-chain analytics data from Arkham, the world's largest asset management company BlackRock purchased Ethereum for $547 million in one day — $50 million more than its one-day inflow in Bitcoin (BTC) during the same period.
Ethereum holdings at BlackRock
As of July 18, the total volume of Ethereum owned by BlackRock reached $7.75 billion — after several months of steady accumulation. Meanwhile, the company's exposure in BTC, although still significant, is growing more slowly compared to ETH.
BlackRock's aggressive strategy regarding Ethereum raises eyebrows among analysts, especially considering the company's traditionally cautious attitude towards altcoins. Some suggest that such activity may be related to BlackRock's ambitions in the field of tokenized finance or to the role ETH plays in the infrastructure of real assets.
It is worth noting that BlackRock's assets reached a record level in the second quarter. The company attracted $46 billion to its investment funds, bringing the total assets under management to a record $12.5 trillion. This occurred against the backdrop of volatility caused by the strict tariff policy of U.S. President Donald Trump.
