BlackRock bought over $4 billion of these two cryptocurrencies last week
Institutional demand for cryptocurrencies continues to grow, with BlackRock leading the charge once again. According to Arkham Intelligence , the world’s largest asset manager bought $2.57 billion worth of Bitcoin (BTC) and another $1.76 billion worth of Ethereum (ETH) last week. Thanks to the fresh inflows, BlackRock now boasts over $93.9 billion in overall holdings, with Bitcoin amounting to $85.97 billion or 92% of it. BLACKROCK IS BUYING BILLIONS BlackRock bought $2.57B $BTC and $1.76B $ETH last week. How much will they buy this week? pic.twitter.com/kNovONpy7y — Arkham (@arkham) July 21, 2025 Institutional demand for crypto keeps growing BlackRock’s moves are not an outlier, as Ethereum witnessed a dramatic surge in general institutional interest, Fidelity’s FETH fund, for example, saw $113 million in inflows on July 17 and another $127 million on July 21, briefly overtaking BlackRock’s ETHA fund. In total, Ethereum saw t...