BlackRock disclosed a $28.7 million purchase of ETH, joining peers like BitMine in a fresh institutional accumulation trend. The move highlights growing confidence in Ethereum as a diversified institutional asset and could tighten liquid supply.
BlackRock CEO Larry Fink said sovereign wealth funds were buyers of the recent Bitcoin dip and are purchasing to hold for years, not to trade. He cited flows into BlackRock’s IBIT, the largest spot Bitcoin ETF, as evidence of long-term state demand.
BlackRock CEO Larry Fink conceded his earlier characterization of Bitcoin as an 'asset of fear' was mistaken, as the firm's iShares Bitcoin Trust (IBIT) posted a new record. The admission and the IBIT milestone highlight growing institutional acceptance of BTC.
BlackRock has offloaded roughly $135 million worth of Ethereum even as the broader crypto market posted a sharp rebound over the past 24 hours. The move underscores continued institutional selling pressure amid a tentative rally.
BlackRock executives told investors tokenization is the key to integrating crypto with mainstream finance, pointing to the firm's scale and its $2.8 billion tokenized cash market fund as proof of commitment. They see tokenized assets easing settlement and expanding access for institutional clients.
A BlackRock executive says the firm's U.S. spot bitcoin ETF, IBIT, is now its biggest source of revenue after amassing $70 billion since its January 2024 launch and generating hundreds of millions in fees. This underscores strong institutional demand for BTC exposure.
BlackRock transferred 4,044 BTC and 80,121 ETH while ETF products recorded $354M in BTC and $235M in ETH redemptions, signaling net outflows rather than fresh institutional demand.
Nasdaq has proposed a substantial increase to options position limits for BlackRock’s Bitcoin ETF, signaling that Bitcoin markets are moving beyond the “training wheels” phase. The change would let market-makers and institutions trade larger hedges and strategies tied to the fund.
Franklin Templeton has launched a new XRP ETF, intensifying competition among major asset managers while BlackRock remains off the field. The move signals growing institutional appetite for XRP amid evolving regulatory clarity.
A Ripple executive praised BlackRock’s inaugural board meeting in Abu Dhabi, framing it as a sign of growing institutional focus on the Middle East and crypto infrastructure. The development could boost interest in XRP for tokenization and cross-border payments.