BlackRock purchased 11,098 Bitcoin and 132,769 Ethereum worth approximately $1 billion in just 48 hours, according to on-chain data tracked by Arkham Intelligence. These acquisitions were made through the spot ETFs iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA), driven by investor demand for ETF shares rather than speculative decisions by the asset manager. Coinbase serves as the primary custodian for both funds. In July 2026, IBIT alone reported $183 million in inflows, solidifying BlackRock’s dominant position in the crypto ETF market.
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