Key insights:
- BlackRock added $732 million in Bitcoin last week, dominating total spot ETF inflows across crypto markets globally.
- Conflicting reports emerged as social media claimed selling, while data show continued Bitcoin and Ethereum accumulation activity.
- BlackRock Bitcoin holdings surpassed 812,000 BTC, with total value exceeding $64 billion based on recent prices.
- Ethereum holdings crossed 3.4 million ETH, including staked assets worth $445 million within the firm investment products.
Market is showing mixed claims about BlackRock and its crypto activity. Some posts claimed heavy selling before the U.S. market opened. Others reported strong buying activity across Bitcoin and Ethereum in recent days.
Data shared by market trackers showed continued inflows into crypto exchange-traded funds. At the same time, social media posts suggested large sell-offs.
Conflicting Reports on BlackRock Crypto Moves
Meanwhile, data shared by Ash Crypto showed large Bitcoin accumulation through ETFs. According to an Ash Crypto report, it indicated that BlackRock purchased about $732 million worth of Bitcoin last week. This accounted for most of the $823.7 million total spot ETF inflows during that period.
Additional figures showed client activity on April 24. The firm clients bought $22.88 million in Bitcoin and $24.54 million in Ethereum. These purchases suggested ongoing demand despite claims of selling pressure.
Market data also showed that BlackRock added 9,452 BTC and over 84,000 ETH last week. These figures pointed to net accumulation rather than large-scale liquidation.
ETF Holdings and Market Positioning
BlackRock’s iShares Bitcoin Trust (IBIT) continued to grow its holdings. The firm clients recorded fresh crypto purchases on April 24, Friday, according to reported ETF flow data. The data shows that clients bought $22.88 million worth of Bitcoin and $24.54 million worth of Ethereum during the session.
This activity translates into 294.686 BTC added at an average price near $77,642 per Bitcoin. Ethereum purchases reached 10,566.7 ETH at an average price close to $2,322 per ETH. ETF holding data linked to BlackRock’s $IBIT product shows total Bitcoin holdings of 812,276.1798 BTC, valued at about $64.33 billion.
Ethereum exposure through $ETHA and $ETHB products shows combined holdings of 34,34,633.5086 ETH, valued at approximately $8.24 billion. Staking activity also appears in the reported figures, with BlackRock-related Ethereum staking recorded at 185,586.1004 ETH, valued near $445 million.
Additional weekly accumulation data shows BlackRock added 9,452.729 BTC worth about $729.64 million and 84,824.0133 ETH valued around $198.88 million. These figures reflect aggregated ETF and custody-linked positions tracked by market data providers.
