- BlackRock added $589M in BTC and ETH during a broader market rebound.
- IBIT and ETHA ETFs led U.S. inflows while rivals saw mixed demand shifts.
- Large transfers from Coinbase show intensified institutional accumulation.
BlackRock increased its digital-asset exposure this week, accumulating approximately $589 million in Bitcoin and Ethereum within three days, according to on-chain data. The activity occurred during a period marked by renewed strength across major cryptocurrencies and a noticeable rise in institutional trading.
Transfers linked to the firm’s ETF operations indicate an acceleration in crypto acquisition, reflecting a shift in recent inflow patterns and aligning with a broader market recovery following early-week volatility.
Inflows Accelerate as BTC and ETH Stabilize
Data compiled from Arkham and shared by Onchain Lens indicates that BlackRock-associated wallets received 4,044 BTC and 80,121 ETH from Coinbase over the past three days. At current market values, these transfers represent $354 million in Bitcoin and $235 million in Ethereum. The inflows were executed through several large transactions, including a single batch of 300 BTC and multiple ETH transfers carried out within short intervals.
BlackRock received 300 $BTC, worth $27.51M, and 16,629 $ETH, worth $50.64M, from #Coinbase, in the past 10 mins.
In the past 3 days, they have received 4,044 $BTC worth $354M and 80,121 $ETH worth $235Mhttps://t.co/a9ele6V370 pic.twitter.com/kbZIxRMGdm
— Onchain Lens (@OnchainLens) November 28, 2025
These movements contrast with earlier periods when transfers primarily showed assets moving from BlackRock wallets to Coinbase. Instead, the latest activity aligns with a recovery in Bitcoin’s price, which climbed to around $91,552 after dipping near the $91,000 level.
ETF Data Highlights Shifting Investor Positioning
The ETF segment also reflected a change in daily flows. According to SoSoValue data for November 26, the IBIT Bitcoin ETF posted nearly $43 million in net inflows, the largest among U.S. Bitcoin ETFs on that date. By contrast, Fidelity’s FBTC recorded over $30 million in outflows, while Grayscale’s GBTC reported a smaller inflow of $5.63 million. Other issuers were roughly net-neutral.
Ethereum displayed a similar pattern of renewed demand. ETH traded around $3,022, showing a mid-day surge, consolidation above $3,040, and a mild pullback later in the afternoon.
Ethereum ETF Activity Expands
On the same day, the ETHA Ethereum ETF logged a $50.22 million net inflow, outpacing other U.S. Ethereum ETFs. Grayscale’s ETHE was unchanged, while Bitwise reported roughly $4.4 million in inflows. Grayscale’s second Ethereum product added more than $6 million.
The surge follows broader adjustments in digital-asset exposure, including the recent introduction of BUIDL on BNB Chain. Taken together, the latest inflows show investors positioning around potential year-end developments while major crypto assets recover from recent volatility.
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About the Author: Peter Mwangi
