BlackRock’s Bitcoin ETF Amasses 735K BTC ($86B) – Institutional Demand Goes Parabolic

Wall Street’s crypto takeover hits ludicrous speed as BlackRock’s Bitcoin ETF stockpiles $86 billion in BTC—while traditional finance scrambles to keep up.

### The Whale Moves Nobody Saw Coming

735,000 Bitcoin. That’s more than MicroStrategy’s entire war chest. More than El Salvador’s national reserves. And it’s now sitting in BlackRock’s ETF, quietly eating the market.

### Why This Stings the Old Guard

Boomer portfolios once laughed at ‘magic internet money.’ Now they’re begging for exposure through ETFs—because nothing terrifies bankers more than missing the train they swore was a scam.

### The Cynic’s Footnote

Funny how ‘too volatile’ became ‘core allocation’ once custody solutions started charging 1.5% fees.

At the same time, BlackRock’s ethereum ETFs are also growing. Several wallets tied to its ETHA Ethereum ETF recently received 5,900 ETH and multiple 10,000 ETH deposits within two days. These Ethereum transfers are valued at more than $121 million combined. Currently, BlackRock ETH amounts to over $14 billion.

The accumulation puts BlackRock among the largest holders of Bitcoin worldwide, ranking alongside government treasuries and long-time crypto whales in terms of overall scale.

In fact, Blackrock holds more Bitcoin than Strategy which has about 628.946 Bitcoin in its holding worth $54.93 billion.

Moreover, Bitcoin exchange-traded has continued to stand as  the most successful ETF launches in history. So far, it has attracted tens of billions in trading volume since approval in 2024, with Blackrock pumping more liquidity into it. 

Meanwhile, Bitcoin is holding up as it dances between $118k and $117k. Currently, it is trading for $117,789 after experiencing a lovely week as its price surged up to $124k on Aug 14. However, the price is up just a modest 0.34% today as investors retire for the weekend, according to CoinMarketCap.

Also Read: Grayscale Files with SEC for Dogecoin ETF Under Ticker GDOG