BlackRock Hires Seven Senior Executives Globally to Scale Crypto ETF Business
BlackRock is expanding its cryptocurrency strategy by hiring seven senior executives across the U.S. and Asia to focus on scaling crypto exchange-traded funds (ETFs) and developing new products.
BlackRock's Crypto Expansion
The new roles are strategically focused on research, strategy, and leadership to meet the rising demand for digital assets in both American and Asian markets. This move follows the substantial success of the firm's spot Bitcoin ETF and its ongoing tokenization initiatives, which highlight a growing institutional confidence in the digital asset sector.
Key details of BlackRock's increased push into crypto include:
Significant Holdings: As of early October 2025, BlackRock's total crypto portfolio surpassed $100 billion, marking a significant commitment to the asset class.
Ethereum Growth: In Q3 2025, the firm's Ethereum holdings surged by approximately 262%, adding about $11 billion in value and slightly outpacing its Bitcoin increase for the quarter, indicating a potential shift in institutional priorities.
Product Development: The company has plans for a 2024 Ethereum-based fund and investments in blockchain infrastructure, further solidifying its presence in the market.
Company Financials
BlackRock's stock (BLK) has performed well in 2025, with a last reported price of $1082.16 on December 15, 2025. The company has a current market capitalization of approximately $168.07 billion.
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