BlackRock buys over $22 billion in cryptocurrencies in Q3 2025 – Finbold report

CryptoNewsNet2025/10/08 10:51

By:finbold.com

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

BlackRock’s aggressive push into digital assets accelerated in the third quarter of 2025, with the asset manager adding $22.46 billion to its crypto portfolio, according to Finbold’s Q3 2025 Cryptocurrency Market Report.

Between July 1 and September 30, the value of BlackRock’s on-chain Bitcoin (BTC) and Ethereum (ETH) holdings surged from $79.63 billion to $102.09 billion, marking a 28.2% increase in just three months.

Bitcoin accounted for a $10.99 billion gain (up 14.6% from $75.26 billion to $86.25 billion), while Ethereum delivered even stronger returns, soaring $11.46 billion (a 262% gain from $4.37 billion to $15.83 billion).

While Bitcoin remains the backbone of BlackRock’s crypto portfolio, Ethereum has emerged as the fastest-growing component. The massive influx of ETH purchases in Q3 reshaped the firm’s allocation, with its Ethereum position more than tripling in value over the three-month period.

H1 vs. Q3 growth trajectory

The latest quarterly performance builds on an already strong first half of the year. In H1 2025, BlackRock’s portfolio grew by $23.91 billion, rising from $54.77 billion on January 1 to $78.67 billion on June 30. At the time, Bitcoin gains contributed $23.3 billion of that total, while Ethereum added $678.9 million.

Put together, BlackRock has added over $46 billion in crypto value since January 1, underscoring its position as the largest institutional holder of digital assets.

October momentum continues

The pace of accumulation has not slowed in Q4. Data tracked by Arkham shows that between October 1 and October 8, BlackRock’s portfolio grew by an additional $10.43 billion, averaging more than $1 billion in new value per day.

As of October 8, its Bitcoin stash stood at 769,220 BTC ($95.96 billion), while its Ethereum holdings reached 3.89 million ETH ($18.26 billion).

BlackRock’s outsized inflows continue to dwarf competitors. On October 6 alone, its iShares Bitcoin Trust (IBIT) accounted for 85% of all BTC ETF inflows, adding 6,447 BTC worth over $805 million. Its iShares Ethereum Trust (ETHA) captured 88% of ETH ETF inflows that same day, absorbing 45,672 ETH valued at $212.9 million.

Since the launch of spot ETFs earlier this year, BlackRock has repeatedly led the market, with inflows often exceeding those of all rivals combined.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

1. Crypto outperformed traditional equity indexes following the rate hike, but elevated interest rates remain a key constraint on cross-asset allocation. From September 12 to 18, BTC, ETH, and SOL gained 4.83%, 3.84%, and 9.96%, respectively, while the S&P 500 edged down 0.08%. The U.S. Dollar Index rose 1.11%, and the 10-year U.S. Treasury yield closed at approximately 4.998%. Improving risk appetite is therefore coexisting with elevated discount rates, raising the bar for RWA allocation: investors need to compare not only returns on the underlying assets, but also on-chain liquidity and collateral efficiency. 2. Growth in tokenized equities is occurring even as the overall RWA market remains under pressure. As of September 18, Distributed Asset Value across RWAs stood at $38.503 billion, down 1.13% week over week, while tokenized equities reached $3.056 billion, up 6.03%. This week's data are better explained by capital reallocating across different RWA segments than by a broad-based expansion of the entire RWA market. 3. For exchanges, the opportunity lies in connecting spot holdings, collateral, and derivatives. Reality's distributed asset value stands at approximately $155 million, while eligible rTokens can already be used within Bitget's UTA margin framework. Across CoinGlass's verifiable sample of 177 TradFi instruments, open interest reached approximately $11.498 billion, up 2.06% week over week, even as weekly trading volume declined 7.60%. The medium-term opportunity remains intact, but deeper utilization will depend on liquidity, collateral use, and sustained trading activity. 4.Assets to watch: BTC, ETH, SOL, NEAR, ZEC, gold, tokenized U.S. equities, COST. 5.Key metrics to watch: rToken collateral utilization, the durability of TradFi open interest and trading volume, and next week's employment and consumer data.

Bitget•2026/09/21 06:38