Crypto
BlackRock-Linked Crypto Holdings Soar $29.54B in Q3 Estimate
The crypto holdings associated with BlackRock-linked wallets experienced a significant surge in the third quarter, rising by an estimated $29.54 billion to approximately $77.1 billion.
This growth represents a 62.11% increase from the July 1 total of $47.56 billion and is attributed to both rising token prices and increased asset quantities.
The iShares Bitcoin Trust ETF (IBIT) saw its holdings rise by 8.54%, with an additional 63,070 BTC added to the approximately 801,270 BTC held at the start of the quarter.
The iShares Ethereum Trust ETF (ETHA) and iShares Staked Ethereum Trust ETF (ETHB) experienced a notable increase as well, with holdings rising by about 36.7% to 3.76 million Ether (ETH).