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BlackRock just bought $1 billion of these two cryptocurrencies

BlackRock just bought $1 billion of these two cryptocurrencies

On August 14, spot Ethereum ETFs recorded a staggering $640 million in net inflows, with BlackRock (ETHA) leading the charge contributing $520 million.

U.S. spot Bitcoin ETFs were also on a roll, as BlackRock (IBIT) again dominated with daily inflows of $523.74 million.

Fidelity (FBTC) and Ark (ARKB), however, saw $113.47 million and $149.92 million in daily outflows, respectively, accompanied by Bitwise, which reported a $30.87 million loss.

Adjusting for outflows, U.S. spot Bitcoin ETFs saw a total increase of $230.93 million, while Ethereum ETFs gained no less than $230.93 million on the day.

ETH spot ETF inflows. Source: SoSo Value

BlackRock now holds more than $100 billion in crypto

BlackRock has reached a new milestone in its digital asset strategy, its cryptocurrency holdings now totaling $103.98 billion.

The firm’s portfolio is still dominated by Bitcoin, with over 774,000 BTC in its holdings worth around $89 billion, alongside 3.2 million ETH worth nearly $15 billion.

At the start of the year, BlackRock held roughly 1.07 million ETH worth $3.59 billion. By June 30, that had increased to $4.21 billion, and in just six weeks since, the position has more than tripled. 

Bitcoin has grown more slowly, rising 34.52% in volume and 74.48% in value over the same period. Overall, the fund has seen an approximately $50 billion net increase since the start of 2025, when its crypto holdings were valued at $54.83 billion.

Featured image via Shutterstock

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