BlackRock bought over $4 billion of these two cryptocurrencies last week 
Cryptocurrency Jul 22, 2025 Share
Institutional demand for cryptocurrencies continues to grow, with BlackRock leading the charge once again.
According to Arkham Intelligence, the world’s largest asset manager bought $2.57 billion worth of Bitcoin (BTC) and another $1.76 billion worth of Ethereum (ETH) last week.
Thanks to the fresh inflows, BlackRock now boasts over $93.9 billion in overall holdings, with Bitcoin amounting to $85.97 billion or 92% of it.
BLACKROCK IS BUYING BILLIONS
BlackRock bought $2.57B $BTC and $1.76B $ETH last week.
How much will they buy this week? pic.twitter.com/kNovONpy7y
— Arkham (@arkham) July 21, 2025
Institutional demand for crypto keeps growing
BlackRock’s moves are not an outlier, as Ethereum witnessed a dramatic surge in general institutional interest,
Fidelity’s FETH fund, for example, saw $113 million in inflows on July 17 and another $127 million on July 21, briefly overtaking BlackRock’s ETHA fund.
In total, Ethereum saw total inflows of $2.12 billion last week, not only breaking previous records but nearly doubling them.
Besides Bitcoin and Ethereum, BlackRock has been focusing on low-cap assets as well.
Indeed, Imagen Network (IMAGE), a lesser-known token on the Solana (SOL) blockchain, has become the fund’s third-largest crypto holding, valued at roughly $445,920.
So far this month, BlackRock’s on-chain portfolio has seen a net change increase of around $14.3 billion between July 1 and July 22, 2025, rising from $79.6 billion to above $93.9 billion.
Featured image via Shutterstock