Key Takeaways
BlackRock’s crypto stash topped $100 billion, less than two years since Spot BTC and ETH ETFs debuted. Will the ETH ETF staking approval expand the holdings? 🤔
Oh boy, the world’s largest asset manager, BlackRock, now controls over $100 billion worth of crypto. Talk about a digital gold rush! 🏴☠️
According to Arkham data, the firm’s Bitcoin [BTC] holdings have grown to 740.5K coins worth about $85 billion as of press time. That’s more Bitcoin than you can shake a stick at! 🪵Bitcoin
Ethereum [ETH] is the second-largest crypto asset held by BlackRock. As of writing, the firm had 3.66 million ETH, worth about $16B, collectively bringing its core holdings to over $100B. Not bad for a weekend hobby! 🎉
ETH accumulation fluctuates
However, BlackRock’s ETH accumulation has lost some steam towards the end of Q3, compared to BTC. For BTC, it ramped up its stash from 698K BTC to over 740K, about 6% surge in the past two months. That’s like going from a jog to a sprint! 🏃♂️BTC
In the past seven days of trading, BlackRock’s iShares Ethereum Trust has seen over 58K ETH outflows, about a 1.4% decline over the same period. It’s like watching your favorite TV show get canceled mid-season. 😢
The net assets dropped from over $17B to $15.9B amid the outflows and ETH price pullback. Ouch, that’s gotta hurt! 💥
According to analytics firm LookOnChain, BlackRock sold nearly $200M worth of ETH on the 9th of September, 2x higher than the amount of BTC ($100M) offloaded over the same period. Someone’s feeling a bit bearish! 🐻
Simply put, investors in BlackRock crypto products have shown remarkable resilience in BTC compared to ETH. It’s like they’re saying, “BTC, you’re still my main squeeze!” 💕
However, it remains to be seen how the potential staking approval could improve the overall demand for ETH ETFs. Fingers crossed, and maybe a little prayer won’t hurt. 🙏
That said, Spot BTC ETFs remain the keyholders of BTC. As of September, this category of investors controls about 7% (1.4 million) of BTC’s total 21 million supply of coins. They’re holding the fort! 🛡️
In contrast, corporate treasuries, led by Strategy (formerly MicroStrategy), command 4.6% (1 million BTC) of the overall supply. They’re not slouching either! 🏃♀️
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2025-09-11 16:43