Guavy Logo
Back
Guavy AI Editorial Team••Sentiment: 2.8•Clout: 45

BlackRock Boosts Crypto Holdings Amid Iran Conflict

BTCETHARKM

BlackRock, the largest asset management firm globally, has made substantial changes to its cryptocurrency holdings since the outbreak of the Iran war.

According to real-time data from Arkham, BlackRock currently holds approximately $53.22 billion worth of Bitcoin (BTC), representing a significant increase from its February 28 value of $51.26 billion.

This growth in Bitcoin allocation is attributed to both net inflows and a modest rise in the cryptocurrency's price from $67,368 to $68,028 over the same period.

However, BlackRock's Ethereum (ETH) exposure has decreased, with its holdings declining from 3.15 million ETH, valued at $6.37 billion at the end of February, to 3.02 million ETH, worth around $6.35 billion by April 2.