Institutional appetite for digital assets is accelerating—and BlackRock is leading the charge with aggressive on-chain activity in July.
According to Arkham Intelligence, the asset management giant added $2.57 billion in Bitcoin and another $1.76 billion in Ethereum to its crypto holdings last week alone. Bitcoin now accounts for more than 92% of BlackRock’s crypto exposure, totaling $85.97 billion.
Ethereum isn’t lagging behind in demand. Institutional flows into ETH reached $2.12 billion for the week, nearly doubling previous records. Fidelity’s FETH product even briefly overtook BlackRock’s ETHA in net inflows, drawing over $240 million in just five days.
Beyond the majors, BlackRock is also dabbling in smaller tokens. Imagen Network, a Solana-based project, has quietly become its third-largest crypto holding, now valued at nearly $446,000.
Since the start of July, BlackRock’s on-chain crypto portfolio has expanded by $14.3 billion—rising from $79.6 billion to just under $94 billion as of July 22.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/blackrocks-crypto-portfolio-surges-to-93-9b-amid-ethereum-and-bitcoin-buying-spree/