BlackRock Buys More Ethereum Than Bitcoin, Signaling Big Shift Toward Altcoins
2025-07-18 15:58:34
Main Idea
BlackRock's significant Ethereum purchases, surpassing Bitcoin investments, indicate a major institutional shift towards Ethereum, with analysts predicting further price increases.
Key Points
1. BlackRock purchased over $547 million worth of Ethereum, exceeding its Bitcoin inflows by $50 million.
2. BlackRock's July acquisitions included $499.2 million worth of Ethereum on July 16, increasing total holdings to 2.02 million ETH.
3. Analyst Cas Abbé projects Ethereum could reach $4,000 within weeks based on Wyckoff distribution patterns.
4. BlackRock's Ethereum portfolio value rose to $6.94 billion by mid-July 2025, showing systematic accumulation.
5. Weighted by market cap, BlackRock is buying over five times the amount of Ethereum compared to Bitcoin.
Description
BlackRock’s Ethereum purchases surpass $547M, outpacing Bitcoin by $50 million. Investment giant adds $499.2M worth of Ethereum on July 16, increasing holdings. Analyst Cas Abbé projects $4K ETH target within weeks using Wyckoff theory. BlackRock has purchased over $547 million worth of Ethereum, exceeding its Bitcoin inflows of $497 million by $50 million according to Arkham data. The investment manager’s ETH allocation strategy indicates stronger conviction in Ethereum compared to Bitcoin when...
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