BlackRock Goes All-In: Drops $294M on Crypto in Single Day—$240M Bitcoin, $54M Ethereum

Wall Street’s quiet giant just made its loudest crypto move yet. BlackRock’s latest filings reveal a quarter-billion-dollar bet on digital assets—executed before the morning coffee hit traders’ desks.

Breaking down the haul: $240 million in Bitcoin (because old money loves digital gold) and $54 million in Ethereum (for the DeFi-curious suits). The buys come as institutional inflows hit record highs—despite SEC Chair Gary Gensler’s best efforts to kill the fun.

One trader’s take: ’When the world’s largest asset manager starts treating crypto like a blue-chip stock, it’s game over for the ’it’s a scam’ crowd.’ Meanwhile, traditional finance analysts are still trying to explain why they recommended bonds instead.

Asset management giant BlackRock made major moves today, purchasingand an additional. These large-scale acquisitions signal BlackRock’s growing confidence in the long-term value of digital assets. With institutional demand heating up, the company’s aggressive buying spree adds weight to the ongoing crypto market rally. BlackRock’s latest crypto bets may further legitimize Bitcoin and Ethereum in the eyes of traditional investors.