- BlackRock’s Ethereum purchases surpass $547M, outpacing Bitcoin by $50 million.
- Investment giant adds $499.2M worth of Ethereum on July 16, increasing holdings.
- Analyst Cas Abbé projects $4K ETH target within weeks using Wyckoff theory.
BlackRock has purchased over $547 million worth of Ethereum, exceeding its Bitcoin inflows of $497 million by $50 million according to Arkham data. The investment manager’s ETH allocation strategy indicates stronger conviction in Ethereum compared to Bitcoin when adjusted for market capitalization differences.
Weighted by market cap analysis reveals BlackRock is acquiring over five times the amount of Ethereum compared to Bitcoin, suggesting institutional preference for the second-largest cryptocurrency. This allocation pattern differs from typical investment approaches that favor Bitcoin as the primary digital asset exposure.
Major July Acquisitions Drive Portfolio Expansion
BlackRock’s spot Ethereum ETF secured 33,237 ETH for $85.4 million on July 3 and 50,970 ETH worth approximately $151.4 million on July 14. This shows sustained institutional demand beyond initial ETF launch periods. The largest single purchase occurred on July 16 when BlackRock added $499.2 million worth of Ethereum, increasing total holdings to 2.02 million ETH from 1.73 million previously.
The 17% increase elevated the firm’s Ethereum portfolio value to $6.94 billion as of mid-July 2025. The purchase pattern shows systematic accumulation rather than opportunistic buying, suggesting long-term strategic positioning in Ethereum infrastructure.
Ethereum Poised To Consolidate Post $4,000
Analyst Cas Abbé has identified Wyckoff distribution patterns in Ethereum price action that support bullish projections. His analysis suggests ETH could reach $4,000 within weeks, though minor corrections may occur before the advance materializes.
The Wyckoff methodology focuses on market structure and institutional accumulation phases that precede major price movements. Abbe’s framework aligns with BlackRock’s accumulation pattern, suggesting coordination between technical analysis and institutional behavior.
Following a potential $4,000 achievement, Abbé anticipates Ethereum consolidation as capital flows into mid-cap and large-cap altcoins. This rotation pattern typically occurs when leading cryptocurrencies reach psychological resistance levels.
BlackRock’s ETH-weighted strategy may anticipate this market situation by positioning heavily in Ethereum before broader altcoin rotation begins. The firm’s allocation suggests expectations that Ethereum will outperform Bitcoin during the next market cycle phase.
Related: ETH and XRP Surpass $BTC in 24h Volume on Binance: Is Altseason 2025 at Hand?
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Source: https://coinedition.com/blackrock-buys-more-ethereum-than-bitcoin-signaling-big-shift-toward-altcoins/