BlackRock Adds $291M to Crypto Portfolio in 4 Days, Buys BTC, Sells ETH

iconFinbold
Share
This is the logo of the coin.
BTC
$81,820.50-0.29%
This is the logo of the coin.
ETH
$2,410.07-0.2%
AI summary iconSummary
BlackRock boosted its crypto portfolio by $291.7 million in four days, with a strong focus on value investing in crypto. The firm’s iShares Bitcoin Trust (IBIT) bought $545.57 million in BTC, pushing net assets to $9.62 billion. Meanwhile, the iShares Ethereum Trust (ETHA) sold $253.87 million in ETH, causing a $201.89 million drop in net assets on October 6. BTC rose 1.13% to $83,960, while ETH fell over 3% to $2,597. The move highlights a favorable risk-to-reward ratio in Bitcoin compared to Ethereum.

Even though the cryptocurrency market saw choppy consolidation during the first week of October 2026, BlackRock Inc.’s (NYSE: BLK) crypto portfolio added more than $291 million.

BlackRock’s crypto portfolio surged by $291.7 million during the past four exchange-trading days through October 6, according to data Finbold analyzed from SoSoValue on October 7.

BlackRock’s iShares Bitcoin Trust (IBIT) purchased Bitcoin (BTC) worth $545.57 million between October 1 and 6. As such, IBIT increased its net assets to $9.62 billion.

BlackRock’s IBIT daily cash flow. Source: SoSoValue

BlackRock’s iShares Ethereum Trust ETF (ETHA) divested Ethereum (ETH) valued at $253.87 million over the past four exchange-trading days. On October 6, ETHA’s net assets dropped by approximately $201.89 million, its largest single-day decline since January 21.

BlackRock’s IBIT daily cash flow. Source: SoSoValue

As such, BlackRock’s ETHA held 3,656,389.78 Ethereum, currently worth over $9.8 billion, as per its official website.

Bitcoin and Ethereum price action amid BlackRock’s transfers

As this fund manager accumulated over 4,000 Bitcoin during the past four days, BTC price climbed roughly 1.13%, trading at about $83,960 at the time of writing. Consequently, Bitcoin had a market capitalization of about $1.7 trillion.

BTC price performance for the past 7 days. Source: Finbold

On the other hand, Ethereum’s price had fallen by over 3% at the time of reporting, retesting $2,597. This altcoin has a market cap of $314.7 billion.

Ethereum price performance for the past 7 days. Source: Finbold

During the past 24 hours, Ethereum’s trading volume surged by over 70% to $18.2 billion as per metrics from CoinMarketCap.

As a result, BlackRock’s Bitcoin and Ethereum transfers over the past four exchange-trading days influenced their price performance over the last seven days.

Featured image via Shutterstock

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.