According to TechFlow, Wall Street giant BlackRock's Bitcoin ETF has been trading for less than a year, and its Bitcoin holdings have increased to nearly $23.7 billion. Earlier this week, the company, which manages $9 trillion in assets, bought another $35 million worth of Bitcoin and $6.4 million worth of Ethereum.
According to data from blockchain analysis firm Arkham Intelligence, BlackRock's Ethereum reserves have now reached 350,000, worth approximately $989 million.
BlackRock manages its Bitcoin holdings primarily through its iShares Bitcoin Trust (IBIT), which currently holds about 1.70% of the total available Bitcoin. In contrast, Grayscale holds about 258,671 Bitcoins, worth $16.45 billion, but still has an advantage in Ethereum, holding more than 2.104 million coins, worth about $5.45 billion. On September 25, Beijing time, BlackRock's spot Bitcoin ETF had a single-day net inflow of $184.4 million, the highest in the month.
