In an unprecedented move, BlackRock, the world’s largest asset manager, added over $22 billion to its cryptocurrency portfolio in 2025. This strategic expansion highlights the growing institutional demand for digital assets and further legitimizes cryptocurrencies as a viable investment class.
BlackRock’s Crypto Portfolio Growth in 2025
According to Finbold’s 2025 Cryptocurrency Market Report, BlackRock’s Bitcoin (BTC) and Ethereum (ETH) holdings surged from $54.83 billion to $77.35 billion over the year. This staggering $22.52 billion increase represents a 41.07% annual portfolio gain, with Bitcoin leading the charge.
Bitcoin: The Core Asset in BlackRock’s Crypto Strategy
Between January 1 and December 31, 2025, BlackRock expanded its Bitcoin exposure significantly. The company’s holdings rose from 552,550 BTC to an impressive 770,380 BTC, translating to a $15.98 billion increase. In dollar terms, this marked a 31.24% growth year-over-year, reaffirming Bitcoin’s position as the digital gold of the cryptocurrency ecosystem.
Ethereum: The Fastest-Growing Component
While Bitcoin provided steady growth, Ethereum saw the most dramatic rise in BlackRock’s portfolio. Ethereum holdings exploded from 1.07 million ETH to 3.48 million ETH, an add-on of 2.41 million ETH. The dollar valuation of these holdings grew from $3.59 billion to $10.21 billion, a 184.40% increase. Ethereum’s burgeoning use cases in smart contracts, tokenization, and decentralized finance (DeFi) likely contributed to the surge in institutional interest.
ETF Inflows and Institutional Interest
The success of BlackRock’s cryptocurrency ETFs, such as the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA), played a pivotal role in this growth. Throughout the year, these products emerged as institutional and retail investors’ preferred gateway into the crypto market. By consolidating demand through its regulated ETF platform, BlackRock ensured steady capital influx, even during periods of market fluctuation.
What This Means for Crypto Adoption
BlackRock’s $22 billion crypto investment underscores the growing mainstream adoption of digital assets. Unlike speculative trading, these assets are now perceived as long-term allocations in diversified portfolios. With institutional giants like BlackRock leading the charge, cryptocurrencies are increasingly being integrated into traditional finance.
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