BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.
On-chain records show the firm recently added 2,704 BTC and over 28,000 ETH—combined, these holdings are valued at more than $350 million.
This accumulation comes as BlackRock’s flagship crypto product, the iShares Bitcoin Trust (IBIT), continues to surge. With over $72 billion in assets gathered in less than a year and a half, IBIT now ranks among the 25 largest ETFs in the world. Its meteoric rise is matched by inflows that rival some of the most successful ETFs in history—$15.5 billion arrived in the first quarter alone, according to Bloomberg’s Eric Balchunas.
Meanwhile, institutional demand for regulated crypto exposure is spreading beyond U.S. borders. Russia’s main stock exchange, MOEX, is set to roll out Bitcoin futures contracts tied directly to BlackRock’s IBIT ETF. Launching June 4, the offering will be limited to accredited investors, giving local institutions a compliant way to track Bitcoin’s price performance without holding the asset itself.
As the world’s largest asset manager continues to build its digital asset footprint, BlackRock is reinforcing its position as a key gateway between traditional finance and crypto markets.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.
While Bitcoin continues to capture attention with its strong 2025 outlook, several altcoins may be facing near-term turbulence.
Ethereum appears to be entering a pivotal stage, with subtle shifts across its ecosystem hinting at a potential breakout.