Institutional demand for cryptocurrencies continues to grow, with BlackRock leading the charge once again. According to Arkham Intelligence , the world’s largest asset manager bought $2.57 billion worth of Bitcoin ( BTC ) and another $1.76 billion worth of Ethereum ( ETH ) last week. Thanks to the fresh inflows, BlackRock now boasts over $93.9 billion in overall holdings, with Bitcoin amounting to $85.97 billion or 92% of it. BLACKROCK IS BUYING BILLIONS BlackRock bought $2.57B $BTC and $1.76B $ETH last week. How much will they buy this week? pic.twitter.com/kNovONpy7y — Arkham (@arkham) July 21, 2025 Institutional demand for crypto keeps growing BlackRock’s moves are not an outlier, as Ethereum witnessed a dramatic surge in general institutional interest, Fidelity’s FETH fund, for example, saw $113 million in inflows on July 17 and another $127 million on July 21, briefly overtaking BlackRock’s ETHA fund. In total, Ethereum saw total inflows of $2.12 billion last week, not only breaking previous records but nearly doubling them. Besides Bitcoin and Ethereum, BlackRock has been focusing on low-cap assets as well. Indeed, Imagen Network (IMAGE), a lesser-known token on the Solana ( SOL ) blockchain, has become the fund’s third-largest crypto holding , valued at roughly $445,920. So far this month, BlackRock’s on-chain portfolio has seen a net change increase of around $14.3 billion between July 1 and July 22, 2025, rising from $79.6 billion to above $93.9 billion. Featured image via Shutterstock The post BlackRock bought over $4 billion of these two cryptocurrencies last week appeared first on Finbold .
