BlackRock buys over $38 million of these cryptocurrencies
BlackRock Inc. (NYSE: BLK) purchased $38.89 million in Bitcoin (BTC) and Ethereum (ETH) on June 11, 2026.
BlackRock’s iShares Bitcoin Trust (IBIT) closed Thursday with a net cash inflow of $30.26 million, according to data from SoSoValue, analyzed by Finbold on June 12. As of press time, IBIT had about $48.59 billion in total assets.
IBIT daily cash flow. Source: SoSoValue
The firm’s iShares Ethereum Trust (ETHA) recorded a net cash inflow of $8.63 million on June 11, thus ending its 2 consecutive days of cash outflows totaling approximately $29.11 million. As such, BlackRock’s ETHA had about $4.79 billion in net assets as of publication time.
ETHA daily cash flow. Source: SoSoValue
The concurrent inflows into BlackRock’s IBIT and ETHA could signal renewed demand for crypto assets. Furthermore, the firm’s crypto portfolio recorded a net cash outflow of roughly $12.45 billion in early June, as Finbold reported.
Institutional investors may be shifting to crypto assets amid analysts’ warnings of a potential post-IPO (Initial Public Offering) bust, as Finbold reported. Moreover, Bitcoin and Ethereum have been trapped in a multi-month bear market, fueled by whales’ sell-off.
Bitcoin and Ethereum prices rebound amid BlackRock’s renewed demand
As BlackRock’s investors signal renewed demand for Bitcoin and Ethereum, the two crypto assets have attempted to reverse. Over the past seven days, BTC price climbed 2.47%, trading at $63,440 at press time.
BTC/USD 7-day chart. Source: Finbold
Ethereum price has gained 0.64% over the past seven days, trading at around $1,666 on Friday.
ETH/USD 7-day chart. Source: Finbold
As such, if BlackRock’s investors continue to accumulate more BTC and ETH over the coming days, a potential crypto reversal could occur. However, if the firm’s investors continue to liquidate, a fresh crypto sell-off could be inevitable.
