TLDR
- BlackRock acquired 4,044 BTC and 80,121 ETH worth $589M over three days via Coinbase.
- Bitcoin ETF IBIT and Ethereum ETF ETHA recorded the highest inflows this week.
- ETHA saw a $50.22M net inflow on November 26, outpacing all other Ethereum ETFs.
- BTC price rebounded to $91,552 as large institutional buys continued into late November.
BlackRock has ramped up its digital asset strategy, purchasing $589 million in Bitcoin and Ethereum within just three days. The transactions, conducted via Coinbase, signal a renewed wave of institutional confidence as crypto markets begin to recover. With BTC nearing $91,500 and Ethereum ETF inflows reaching record levels, this move positions BlackRock at the center of rising institutional interest ahead of key year-end financial developments.
Large Institutional Purchases Reported Through Coinbase
Over the past three days, BlackRock has reportedly purchased $589 million worth of Bitcoin and Ethereum through Coinbase accounts. The acquisition includes 4,044 BTC valued at approximately $354 million and 80,121 ETH worth about $235 million at current prices.
According to blockchain data analytics platform Arkham, the digital assets were transferred in large batches. One transaction alone moved 300 BTC, while several ETH transfers followed in quick succession. These actions suggest growing institutional interest in digital assets as markets regain momentum.
ETF Inflows Reflect Growing Institutional Demand
On November 26, BlackRock’s Ethereum ETF (ETHA) recorded a net inflow of $50.22 million. This was the highest among all Ethereum ETFs, including those from Grayscale, Bitwise, and Fidelity. ETHA’s performance marks a renewed demand for Ethereum exposure through regulated instruments.
Grayscale’s second Ethereum ETF and Bitwise’s ETHW also saw inflows of over $6 million and $4.4 million respectively. However, they remain behind BlackRock’s ETHA in volume. BlackRock’s Bitcoin ETF, IBIT, also showed continued strength despite recent price volatility in the underlying asset.
Crypto Holdings Strategy Aligns with Broader Trends
BlackRock’s growing exposure to digital assets continues to align with its broader strategy of diversification and innovation. The firm has recently launched new crypto products including BUIDL on the BNB Chain, aimed at tokenized asset infrastructure.
This accumulation phase comes as the overall crypto market shows signs of recovery. Bitcoin has recovered from earlier corrections and, at the time of writing, trades near $91,552. Analysts note that institutional participation is driving renewed confidence in the market.
Regulatory Filings and Broader Market Position
In parallel with its crypto activities, BlackRock has also been active in the equities and asset management space. On November 25, BlackRock crossed a regulatory threshold in voting rights related to DCC PLC. Another filing dated November 28 confirmed investment discretion over shares in PPHE Hotel Group, although without voting authority.
BlackRock’s broader performance in 2025 has included an increase in revenue and assets under management. In the third quarter, the company reported $6.51 billion in revenue and $13.46 trillion in AUM, up 17% year over year. Its stock has fluctuated but analysts maintain a “Strong Buy” consensus with a price target of $1,304.35.
ETF Market Control and Future Expectations
BlackRock continues to lead in crypto ETF inflows, with both Bitcoin and Ethereum funds receiving the largest investments among institutional offerings. The timing of these purchases, just before the upcoming Federal Reserve balance sheet release, has fueled speculation about broader market liquidity.
Some market participants also speculate about the possibility of an XRP ETF, due to Robbie Mitchnick’s past connections with Ripple. However, analysts believe that actual investor demand will determine future product launches.
These recent purchases affirm that BlackRock is increasing its presence in the crypto sector, especially as institutional trading volumes climb.
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