BlackRock dumps over $900 million of this crypto in the last week

BlackRock’s crypto portfolio has shifted significantly over the past week, with blockchain data showing a sharp reduction in its Ethereum holdings alongside renewed accumulation of Bitcoin . According to data retrieved by Finbold from on-chain intelligence from Arkham, BlackRock’s Ethereum position fell from 3.

78 million ETH worth $16. 82 billion on September 5 to 3.

66 million ETH worth $15. 91 billion on September 12.

That marks a reduction of 115,950 ETH, equating to more than $913 million in value within just seven days. BlackRock’s Ethereum holdings.

Source: Arkham Ethereum’s share of BlackRock’s crypto exposure dropped from 16. 7% to 15.

7%, a clear tilt away from the second-largest cryptocurrency by market cap. BlackRock boosts its BTC holdings In contrast, BlackRock added to its Bitcoin position.

Holdings rose from 747,470 BTC ($83. 53 billion) to 751,400 BTC ($85.

62 billion) over the same period. An increase of 3,930 BTC, worth more than $2.

09 billion, expanded Bitcoin’s dominance within the fund’s crypto portfolio from 83. 2% to 84.

4%. The portfolio moves coincided with BlackRock’s overall crypto assets climbing back above the $100 billion mark, reaching $101.

53 billion on September 12. This recovery was largely powered by Bitcoin’s week-on-week rally of 1.

97%, as well as gains in smaller positions like SPX (+23. 28%) and TUA (+61.

15%). Ethereum, meanwhile, faced headwinds, slipping 2.

43% in price to $4,345 and triggering over $900 million in unrealized losses across BlackRock’s ETH allocation. Despite this trim, Ethereum remains BlackRock’s second-largest crypto holding, well ahead of other assets in its portfolio such as IMAGE ($561,000) and JOE ($6,880).

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