BlackRock’s Crypto Holdings Jump $15B in August as Bitcoin, Ethereum Rally

BitcoinWorld BlackRock’s Crypto Holdings Jump $15B in August as Bitcoin, Ethereum Rally BlackRock’s cryptocurrency portfolio expanded by more than $15 billion in August, fueled by a sharp rally in Bitcoin and Ethereum prices.

According to data from blockchain analytics platform Arkham Intelligence, the asset manager’s digital asset holdings climbed 28.3% to $68.48 billion as of August 31, up from $53.36 billion at the start of the month.

Breakdown of BlackRock’s Crypto Holdings The growth was largely driven by BlackRock’s spot Bitcoin ETF (IBIT) and spot Ethereum ETF (ETHA). IBIT holdings surged to $60.35 billion from $47.69 billion, while ETHA holdings rose to $8.12 billion from $5.67 billion.

These figures reflect both price appreciation and continued investor inflows into the funds. August proved to be a strong month for the broader cryptocurrency market, with Bitcoin recovering from early-month volatility to post significant gains.