BlackRock Buys $294M of Bitcoin, Ethereum

BlackRock, Inc., the world’s largest asset manager, has acquired $240 million in Bitcoin and $54 million in Ethereum, as confirmed on April 24, 2025.

BlackRock’s purchase signals increased institutional interest in digital assets, leading to immediate market effects with Ethereum’s price rising by 5.2%.

BlackRock’s expansion into digital currencies began with regulatory filings for ETFs and ETPs in 2023. CEO Larry Fink shifted from skepticism, describing Bitcoin as “digital gold” and Ethereum as a “platform for tokenized finance.”

Following BlackRock’s announcement, Ethereum’s price surged 5.2%, reaching $3,850. The trading volume soared by 120% in one hour. Institutional appetite remains strong, evidenced by inflows to BlackRock’s ETFs.

BlackRock’s growing crypto portfolio reflects broader acceptance of digital assets, highlighting Ethereum’s role in DeFi and suggesting sustainable growth in its ecosystem. Regulatory clarity furthers institutional participation.

Analysts forecast a continued bullish cycle due to institutional inflows, improving regulatory frameworks, and expanding digital asset infrastructure. BlackRock’s acquisitions support the developing maturity and investment appeal of the crypto markets.

Crypto Rover, Market Analyst, said, “BlackRock’s Ethereum accumulation is a crucial indicator of institutional appetite for crypto, marking a turning point in market sentiment.”