DeFi News Daily Official TheBitTimes.com

The world’s largest asset manager, BlackRock (NYSE: BLK), continues to assert its dominance in the cryptocurrency space with a massive Ethereum (ETH) purchase worth over $1 billion in 48 hours.  On-chain data shows that on July 17, BlackRock’s Ethereum exchange-traded fund (ETHA) recorded its largest single-day net inflow ever, pulling in 148,585 ETH, worth approximately $510 million. The buying spree continued on July 18, with the firm acquiring an additional 158,875 ETH valued at $574 million. In total, BlackRock purchased 307,461 ETH, valued at $1.11 billion, across the two days, according to data obtained by Finbold from Lookonchain on July 19. Following this accumulation, BlackRock’s total Ethereum holdings surged to 2.46 million ETH, equivalent to $8.9 billion as of July 18. Black Ethereum ETF holdings. Source: BlackRock ETHNA leads Ethereum ETF inflows  Notably, the significant purchases by BlackRock helped lead the Ethereum ETF market at th...

BlackRock, the world’s largest asset manager, added another $1.1 billion worth of Bitcoin to its balance sheet over the past week, buying every single day, according to fresh data from Arkham Intelligence reviewed by Finbold. BlackRock 1-week BTC purchases. Source: Arkham The firm now holds 669,523 BTC, valued at $71.68 billion as of June 14, with Bitcoin trading at $107,054. That puts BlackRock within striking distance of the 670,000 mark, a position so large that it now commands direct influence over market structure, ETF flows, and institutional sentiment. Arkham’s wallet visualisation shows steady, daily accumulation routed through a complex network of custodial wallets, suggesting automated purchase execution aligned with inflows to BlackRock’s iShares Bitcoin Trust (IBIT). BlackRock builds Bitcoin position The underlying message? BlackRock sees this not as a volatile asset but as strategic collateral. Bitcoin is being absorbed into long-horizon portfolios...