BlackRock Doubles Ethereum Holdings to $10.2B Amid Institutional FOMO

  • BlackRock, the worlds largest asset manager, has rapidly expanded its Ethereum (ETH) holdings, signaling strong institutional confidence in the cryptocurrency. According to on-chain analytics firm Lookonchain, BlackRock acquired 1,035,653 ETH worth over $3.76 billion between July 1 and July 23, 2025.