The world’s largest asset manager just made a stunning move. BlackRock acquired $547 million worth of Ethereum in a single day – outpacing its Bitcoin purchases by $50 million during the same period.
Why This Ethereum Buying Spree Matters
5x larger than Bitcoin buys relative to market cap
$7.75B total ETH holdings as of July 18
Signals strong institutional conviction in ETH’s upside
The Numbers Behind the Strategy
Metric
Bitcoin (BTC)
Ethereum (ETH)
Price
$118,755
$3,620
Market Cap
$2.36T
$437B
BlackRock’s Daily Buy
$497M
$547M
Key Insight: ETH’s smaller market cap means BlackRock’s purchases have 5x more impact percentage-wise compared to BTC.
BLACKROCK IS STILL BUYING MORE ETH THAN BTC
BlackRock’s purchase of over half a billion dollars of ETH ($547M) exceeded its Bitcoin inflow ($497M) by $50 Million USD.
Weighted by market cap, BlackRock is buying over 5 TIMES the amount of ETH compared to BTC. pic.twitter.com/fnvjvKXQ0N