BlackRock today increased its holdings of BTC and ETH by a total of 17.64 million USD, with institutions continuing to maintain a bullish outlook.

[Coin World] BlackRock has made new progress in its actions regarding encryption assets. On-chain data shows that this global largest asset management company has today simultaneously increased its holdings of Bitcoin and Ether worth $17.64 million.

Specifically, through its Ethereum spot ETF (ETHA), BlackRock has added 4,534 ETH, corresponding to a market value of approximately $13.62 million. At the same time, through the Bitcoin spot ETF (IBIT), it has increased its holdings by 45.379 BTC, valued at $4.02 million.

From the perspective of institutional layout, BlackRock's strategy of diversified allocation is quite robust - it has invested in Bitcoin as a store of value and also has a positive outlook on Ethereum's long-term potential. Although this operation is not massive in total scale, it reflects institutions' optimistic attitude towards the current market position. For investors focused on large capital movements, such an increase in positions is indeed worth considering.

BTC2.46%
ETH5.35%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned