Black Rockthe world’s leading asset manager, has seen its net cryptocurrency holdings change significantly since the start of the ongoing war in Iran.
It is worth noting that the fund currently owns approximately $53.22 billion in Bitcoin (Bitcoin), judging by the real-time wallet Data Available on Arkham At the time of writing, 2 April.
This amounts to approximately 782,290 tokens, up from 760,850, worth $51.26 billion on February 28 when the first strikes were launched.
The increase of approximately 21,440 BTC reflects net inflows and a modest rise in the price of Bitcoin from $67,368 to $68,028 over the same period.
BlackRock is reducing its exposure to Ethereum
In contrast, Ethereum (Ethereum) exposure decreased. Specifically, its holdings decreased from 3.15 million ETH, worth $6.37 billion at the end of February, to 3.02 million ETH, worth about $6.35 billion by April 2.
Although the price of ETH rose from $2,025 to $2,101, the total value of BlackRock’s trades decreased, showing that net outflows were the main reason behind the lower numbers.
What this indicates is that institutional capital continues to favor Bitcoin as the dominant digital asset and hedging vehicle, even as Ethereum achieves price gains and records its value. Highest quarterly transactions ever
BlackRock’s cryptocurrency holdings are growing
Overall, BlackRock’s cryptocurrency portfolio saw a net value increase of approximately $1.94 billion, primarily driven by an expanding Bitcoin allocation.
In addition to the two leading digital assets discussed above, the fund also posted some additional, smaller changes to its portfolio, ranging from a few hundred dollars in Vertical AI (VERTAI) to over $100K in EnviDa (EDAT).
In total, BlackRock controls $59.57 billion worth of cryptocurrencies, the vast majority of which is in the form of Bitcoin (89%) and Ethereum (11%).
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