BlackRock adds $24 billion to its crypto portfolio in first half of 2025
BlackRock significantly expanded its exposure to digital assets in the first half of 2025, adding nearly $24 billion to its cryptocurrency portfolio. According to Finbold’s H1 2025 Crypto Market Report, the asset manager’s holdings surged from $54.77 billion on January 1 to $78.67 billion by June 30, a 30.38% gain. Bitcoin accounted for the bulk of the growth. BlackRock’s BTC holdings jumped from $51.16 billion to $74.47 billion, an increase of $23.3 billion, or 31.3%. Ethereum also contributed meaningfully, rising from $3.53 billion to $4.21 billion, up $678.95 million or 16.15%. This sharp increase stems from inflows into BlackRock’s spot Bitcoin ETFs and Ethereum ETFs, which began trading earlier this year. To back these products with real assets, BlackRock made substantial on-chain purchases of BTC and ETH throughout the first half of 2025. BlackRock’s Q1 crypto holdings By the end of Q1 2025, BlackRock held approximately 575,860 BTC and 1.17 million ...