BlackRock has continued its aggressive digital asset expansion with Ethereum now leading its crypto portfolio inflows. According to Arkham data, the investment giant purchased $547 million worth of Ethereum, exceeding its Bitcoin inflow of $497 million by $50 million.
This trend reveals a significant shift in allocation strategy. When weighted by market capitalization, BlackRock is acquiring over five times more Ethereum than Bitcoin. The move departs from the common institutional trend that favors Bitcoin as a primary exposure to crypto assets.
On July 3, BlackRock’s spot Ethereum ETF secured 33,237 ETH for $85.4 million. This was followed by another acquisition on July 14, when 50,970 ETH worth approximately $151.4 million was added to its holdings. A notable purchase was made on July 16, involving $499.2 million worth of ETH. This single-day addition increased BlackRock’s total Ethereum holdings from 1.73 million ETH to 2.02 million ETH.
The portfolio adjustment pushed the firm’s Ethereum valuation to $6.94 billion by mid-July. These transactions indicate a strategic accumulation approach rather than short-term positioning. The timing and scale of the acquisitions further suggest that Ethereum plays a central role in BlackRock’s digital asset strategy.
Institutional Pattern Aligns with Technical Forecasts
The market behavior supports technical predictions regarding Ethereum’s near-term growth. According to analyst Cas Abbé, Ethereum displays a Wyckoff distribution structure that is often associated with bullish trends. Abbé forecasts ETH could reach $4,000 within weeks, despite the possibility of short-term pullbacks.
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The Wyckoff methodology emphasizes accumulation by large entities before price surges. Abbé’s analysis aligns with BlackRock’s purchasing activity, pointing toward potential coordination between institutional accumulation and technical setups.
Following this projected price milestone, Ethereum is expected to enter a consolidation phase. Liquidity may shift toward mid-cap and large-cap altcoins, a typical pattern in maturing crypto market cycles.
BlackRock’s current Ethereum-heavy stance may indicate preparations for this rotation. The significant difference in Ethereum versus Bitcoin allocation highlights a confident long-term outlook on Ethereum’s market performance relative to its peers.
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Conclusion
BlackRock’s continued Ethereum accumulation signals a deliberate strategic tilt towards the second-largest cryptocurrency. The firm’s activity, combined with technical forecasts, reinforces Ethereum’s growing role in institutional portfolios.
