BlackRock's clients just added a significant amount of cryptocurrency to their baskets! Recent on-chain data shows they purchased $52.37 million in Bitcoin and $23.21 million in Ethereum during market volatility - indicating that institutional confidence remains strong even without excitement about prices.
The strategy of this investment giant is very clear:
- Focus on high liquidity assets with regulatory clarity.
- Bitcoin remains the primary macro hedge (776,000 BTC worth ~70 billion dollars).
- Ethereum acts as the second pillar (3.66 million ETH worth ~11.5 billion dollars).
- 98% of assets are held on Coinbase Prime for security.
Interestingly, the way these institutions accumulate - quietly, methodically, and without the fanfare often seen in individual investors - suggests that Bitcoin and Ethereum are now viewed as long-term strategic assets rather than speculative trades.
The content is for reference and discussion purposes only, not investment advice.
