BlackRock just added another $1.3B in $ETH this week, bringing their total to $10.5B!

The biggest asset manager on Earth is doubling down on Ethereum. Between July 1 and July 16, 2025, BlackRock increased its crypto exposure by roughly US $916 million, split between Bitcoin and Ethereum. At its peak, IBIT held over 716,000 BTC, representing around 3.6% of total supply, with Ethereum also seeing a ~17% increase.

what's the aim of this accumulation