30.07.2025 09:26

BlackRock, the globe's leading asset manager, significantly increased its Ethereum holdings last week, far surpassing its Bitcoin acquisitions. According to on-chain data from Arkham, gleaned from internet sources, BlackRock's purchases totaled over $1.2 billion in Ethereum (ETH) between July 22nd and 28th. This contrasts sharply with their Bitcoin (BTC) purchases during the same period, which amounted to a mere $267 million.

The substantial influx of ETH into BlackRock's coffers involved numerous large transactions. Arkham's data highlighted multiple transfers of 10,000 ETH each—roughly $36–37 million—originating from Coinbase Prime hot wallets and destined for BlackRock's accounts. Further bolstering this significant investment was a single, massive transaction of 177,500 ETH, valued at approximately $655.9 million. This demonstrates a clear preference for Ethereum within BlackRock's investment strategy.

This massive disparity in investment—BlackRock acquiring over four times more Ethereum than Bitcoin—strongly suggests a shift in institutional investment preferences. At the time of writing, Ethereum is priced at $3,812.42, exhibiting a 3.14% weekly increase, while Bitcoin sits at $118,356.67, showing a slight 0.11% decrease over the same period. These price movements, combined with BlackRock's actions, reinforce the growing perception of Ethereum's appeal amongst institutional investors.

While Bitcoin maintains its position as a prominent store-of-value asset, Ethereum's utility-driven demand is clearly attracting institutional interest. This is because of Ethereum’s broader applicability beyond simple store-of-value, making it an attractive addition to a diversified cryptocurrency portfolio. BlackRock's substantial Ethereum acquisition underscores this emerging trend, positioning Ethereum not merely as an alternative to Bitcoin but as a cornerstone asset in sophisticated institutional crypto strategies.