The world’s largest asset manager, Blackrock, is drawing scrutiny after Blockchain data revealed that the firm moved millions of dollars in Bitcoin just a few days after executing some of its largest ETF purchases.
The activity has caused a debate among the market participants, and some call it “manipulation”, while others point out the re -quilibrium of the routine portfolio.
Blackrock moves millions in bitcoin days after ETF purchases of $ 1b
According to the intelligence platform in the Arkham chain, the Blackrock Cryptocurrency Cryptocurrency portfolio is currently valued at $ 98.95 billion, with Bitcoin and Ethereum representing almost all its exhibition.
Bitcoin represents the participation of the lion in 746,016 BTC, with an approximate value of $ 82.43 billion, or 83% of the portfolio.
Ethereum continues with 3,762 million ETH, valued at $ 16,51 billion, representing around 16.7%. Together, BTC and ETH represent 99.7% of Blackrock cryptographic holdings, leaving other insignificant assets compared.
The data show dozens of structured transactions that involve 300 BTC each, with a value of approximately $ 33.5 million per transfer, sent to several addresses in the last 24 hours. Some smaller transfers were also observed, including one for 201.7 BTC, valued at $ 22.6 million.
The consistency of the transactions suggests ETF settlement flows or re -quilibrium activity instead of irregular wallet movements.
In addition, Ethereum Holdings did not show such transfers, which implies that ETH is passively arrested, while Bitcoin remains the central piece of liquidity management related to ETF.
The transactions come after a juerga of mass accumulation last week. On August 14, only a few hours after the data on the pricing index of the US warmer American producer.
The firm acquired 4,428 BTC, for an approximate value of $ 526 million, and 105,900 ETH, valued at $ 488 million, for a total of more than $ 1 billion in a single day.
The moment was surprising. The labor statistics office reported that the PPI for July increased 0.9%, far exceeding 0.2% forecasts and marking the strongest increase since February 2025.
Despite the recession, Blackrock continued aggressively adding to its ETF products. On August 18, the firm bought 568 BTC, valued at $ 62.6 million, along with 65,901 ETH, valued at $ 292.6 million.
The next day, it acquired another 413 BTC for $ 46 million and 73,864 ETH valued at $ 342.6 million. In two days, Blackrock added almost $ 750 million in fresh cryptography exposure.
The movements show the growing influence of the company on digital asset markets. The Blackrock 746,000 BTC position only represents more than 3.5% of Bitcoin’s total circulating supply, while its 3.7 million ETH holdings amount to around 3.1% of the Ethereum supply.
Bitcoin remains the central reserve asset in its portfolio, actively cycled through ETF operations, while Ethereum plays a complementary role as a long -term strategic reserve.
The aggressive accumulation contrasts with the recent feeling of investors. Bitcoin ETF of Spot that is quoted in the United States registered six consecutive days of departures last week, totaling more than $ 1 billion.
The greatest daily redemption occurred on August 19, with $ 523 million retired as Bitcoin corrected from the maximum record.
ETFS ETHEUM OUTPACE BITCOIN since tickets reached $ 4B in August
Ether Spot’s listed in stock exchange (ETF) have organized a strong rebound in August, attracting thousands of millions in fresh capital and eclipsesting Bitcoin’s counterparts in daily flows.
According to Sosovalue’s data, the ETF Ether that quote in the United States have attracted $ 4 billion in net tickets this month, raising their total assets to $ 30.17 billion, equal to 5.4% of the market capitalization of Ethereum.
Since its launch in July 2024, ETF of Ether have absorbed $ 13.6 billion, with August, marking their second most leading month in the registry.
The change follows a volatile beginning of the month. On August 19, Ether ETFS suffered its worst negotiation day to date with $ 429 million in departures, led by strong refunds of Fidelity and Grayscale.
Only one day later, however, tickets increased. Ishares Ethereum Trust (ETHA) of Blackrock added $ 233.6 million on August 21, while Feth Feth won $ 28.5 million, pushing net tickets about $ 288 million. Momentum was carried out with $ 337.7 million on August 22, $ 443.9 million on August 25 and a $ 455 million record on August 26.
Blackrock has become the clear leader in ETF of ether. Its ETHA product only has $ 17.2 billion in net assets, more than half of the market. Fidelity continues with $ 3.7 billion, while Bitwise’s ETHV has increased to $ 3.2 billion. The ethics of Grayscale, which has long been by the channels, has recently published rare positive tickets, including $ 5.7 million on August 27.
The increase underlines changing institutional feeling. Between August 21 and 26, the ETF of ETHER absorbed $ 1.83 billion, compared to only $ 171 million for Bitcoin funds. On August 26, Ethereum ETFS obtained $ 455 million, while Bitcoin’s counterparts achieved only $ 81 million.
Analysts say that the flows reflect the accelerated institutional demand of Ethereum, positioning it as the second important cryptographic investment vehicle of Wall Street together with Bitcoin.
Blackrock’s publication discharges millions in BTC after weekly purchases: the ‘manipulation’ market or routine re -quilibrium? It appeared first in Cryptonews.