BlackRock has significantly accelerated its investment in Ethereum, acquiring over four times more ETH than Bitcoin during the final week of July. The investment giant scooped up more than $1.2 billion in Ethereum between July 22 and July 28, while its Bitcoin purchases totaled just $267 million during the same timeframe, based on blockchain analytics from Arkham.
The on-chain data reveals a pattern of substantial transfers, with multiple 10,000 ETH blocks—each valued between $36 million and $37 million—moving from Coinbase Prime hot wallets into BlackRock’s custody. The firm also executed several smaller acquisitions, including one massive transaction of 177,500 ETH valued at $655.9 million.
BlackRock bought more $ETH worth about $67 Million
THEY ARE ACCUMULATING,GET THE POINT
Q3 Q4 BELONGS ETH pic.twitter.com/2njpf2QyUv
— Cipher X (@Cipher2X) April 29, 2025
Institutional Preference Shifts Toward Ethereum
This aggressive accumulation strategy highlights a notable shift in institutional investment patterns. Asset managers appear increasingly drawn to Ethereum’s utility-focused ecosystem, viewing it as more than just an alternative to Bitcoin. The smart contract platform’s diverse use cases—from decentralized finance to tokenization—seem to align with institutional portfolio diversification goals.
Current market prices show Ethereum trading at $3,812.42, posting a 3.14% gain over the past week. Meanwhile, Bitcoin sits at $118,356.67, experiencing a slight 0.11% decline during the same period. These price movements, combined with BlackRock’s allocation decisions, suggest that major financial institutions are repositioning Ethereum from a speculative asset to a cornerstone of their digital asset strategies.
What This Means for Crypto Markets
Despite BlackRock’s substantial Ethereum accumulation, market sentiment remains cautiously pessimistic, potentially limiting immediate price appreciation. The divergence between institutional buying activity and broader market sentiment could create short-term volatility as traders digest these conflicting signals.
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