When the world’s largest asset manager narrows its attention to just two crypto assets, investors pay attention. BlackRock’s latest positioning suggests that, out of thousands of cryptocurrencies, Bitcoin ( BTC ) and Ethereum ( ETH ) are the digital assets it views as core 1 this matters now In Q3 2025 alone, BlackRock increased its crypto holdings by over $22.46 billion , according to Finbold’s Q3 Cryptocurrency Market 2 growth was driven largely by fresh exposure to Ethereum alongside steady Bitcoin accumulation. ! function(e,n,i,s)var d="InfogramEmbeds";var o=e. getElementsByTagName(n)0;if(windowd&&windowd.
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src=s,o. parentNode. insertBefore(r,o)(document,"script","infogram-async","0 At the same time, BlackRock’s iShares Bitcoin Trust ( IBIT ) has dominated 3 4 shows that without IBIT, 5 Bitcoin ETFs would have been net negative for the year, underscoring how much institutional demand is being funnelled into a single 6 daily inflows.) October 28, 2025 BTC may not deliver the explosive upside of smaller coins, but as long as institutions like BlackRock keep buying, BTC remains the sector’s 7 is the growth play If Bitcoin is the anchor, Ethereum is where BlackRock sees growth 8 to Finbold’s report, Ethereum holdings within BlackRock’s crypto exposure rose sharply in Q3, outpacing Bitcoin’s growth 9 Ethereum?
Unlike Bitcoin, Ethereum is not just a store of value, it underpins DeFi, staking, tokenisation, and smart 10 makes it the preferred vehicle for exposure to crypto utility rather than just 11 Street analysts are even framing Ethereum as the “infrastructure bet” of crypto, particularly as tokenised 12 and real-world assets migrate onto its rails. BlackRock’s October activity reflects this split 13 October 1 and October 29, 2025, the firm’s digital asset holdings jumped from $103.8 billion to $108.3 billion, according to wallet-tracking data. BlackRock’s crypto holdings.) and nearly 218,000 ETH (roughly $520 million).
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