Crypto

BlackRock Amasses $1 Billion in BTC and ETH Investments

Guavy AI Editorial Team Published August 9, 2026

Instruments

BTC ETH

BlackRock has made significant investments in Bitcoin (BTC) and Ethereum (ETH), purchasing $896.5 million worth of BTC and $203 million worth of ETH this week.

The move marks a substantial accumulation by institutions amid the ongoing price action at $64,874.41 for BTC.

As the price tests upper resistance at $65,317.61, analysts predict a healthy retracement to the 50-EMA support at $64,420.71 before further continuation.

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