BlackRock Now Buying More ETH Than Bitcoin
BlackRock’s ETH purchases hit $158M, surpassing BTC buys at $125M—marking a major shift in institutional crypto strategy.
- BlackRock has purchased $158M in ETH vs. $125M in BTC.
- ETH buying has officially flipped their Bitcoin acquisitions.
- This marks a strategic shift in institutional preferences.
BlackRock Flips the Script: ETH Now Leads
In a surprising move that’s shaking up crypto markets, BlackRock—the world’s largest asset manager—has begun buying more Ethereum (ETH) than Bitcoin (BTC). According to the latest reports, BlackRock purchased $158 million worth of ETH, compared to $125 million in BTC, signaling a sharp pivot in institutional interest.
This marks the first time ETH purchases have overtaken BTC in BlackRock’s reported holdings, a significant milestone for Ethereum and its long-term outlook among major investors.
Why ETH Is Taking the Lead
BlackRock’s shift toward ETH comes at a time when Ethereum is gaining momentum from several fronts:
- Ethereum ETFs Incoming: Anticipation around ETH spot ETFs is growing, especially after the SEC’s recent openness to Ethereum-based products.
- Staking Yields: Unlike Bitcoin, Ethereum offers native staking yields—an attractive option for institutions seeking passive income on holdings.
- Ecosystem Growth: Ethereum continues to dominate the DeFi, NFT, and L2 infrastructure space, reinforcing its position as the foundational layer of Web3.
This flip signals a maturing view from institutional players—who may now see Ethereum as more than just a “tech bet” and instead, a full-fledged digital asset investment.
A Shift in Institutional Sentiment?
BlackRock’s ETH-over-BTC allocation could reshape how institutions approach crypto portfolios. While Bitcoin has long been considered the “digital gold,” Ethereum is increasingly seen as the “digital economy.”
Here’s what this could mean:
- Portfolio Diversification: Institutions may now be viewing ETH as a necessary balance to Bitcoin’s store-of-value narrative.
- Confidence in Ethereum’s Roadmap: Upgrades like EIP-4844 and scaling solutions may be improving ETH’s long-term appeal.
- Changing Risk Appetite: BlackRock’s move suggests growing confidence in Ethereum’s regulatory and economic framework.
Whether this shift is a one-off or the beginning of a new trend remains to be seen—but one thing is clear: Ethereum is gaining serious ground.
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