BlackRock continues to demonstrate its dominance in the cryptocurrency market with another day of nine-figure inflows.
Namely, the world’s largest crypto fund added around $261 million worth of Ethereum (ETH), roughly 57,105 ETH, to its portfolio on August 27, according to data published by CoinGlass.
On the same day, BlackRock bought an additional $52 million worth of Bitcoin (BTC), roughly 454 BTC in total.
Altogether, Ethereum exchange-traded funds (ETFs) now hold approximately $30 billion in assets under management. Bitcoin ETFs, on the other hand, command north of $143 billion.
BLACKROCK IS BUYING $ETH
— Arkham (@arkham) August 27, 2025
FIDELITY IS BUYING $ETH
GRAYSCALE IS BUYING $ETH
NOT A SINGLE ETF SOLD $ETH pic.twitter.com/BMJYFYfAQZ
Ethereum inflows still gaining momentum
Steady inflows over the past week serve as evidence of growing institutional confidence in Ethereum.
Indeed, institutional demand has accelerated sharply in 2025, the result being that corporate treasuries now hold around 5% of the total supply. BlackRock and Fidelity, for instance, reported a 65% surge in assets under management last quarter alone.
Large-scale buying hasn’t been limited to funds, however, as whale wallets have seen record-breaking activity too, one address accumulating more or less $3 billion in a week after selling BTC to fund the purchase.
The additional surge in appetite this month was in part due to the weakening of Bitcoin, which shifted attention toward Ethereum due to its yield potential. Buying has also coincided with a price increase, as the cryptocurrency now sits above its 20-day moving average of $4,468, trading at $4,597 at the time of writing.
Still, BlackRock is not at all giving up on “digital gold,” having overtaken some major crypto exchanges in custody dominance, holding over 745,500 BTC, 123,000 more than, for example, Binance, which has around 622,000 BTC in custodial wallets.
Featured image via Shutterstock
