Lookonchain: BlackRock buys $3.16B worth of BTC and ETH over eight straight sessions

AI Market Summary

Lookonchain data cited by Huo Xing Finance indicates BlackRock bought crypto for eight straight trading days, accumulating 27,722 BTC (~$2.2B) and 385,633 ETH (~$961M), about $3.16B total. Sustained, large institutional inflows can tighten liquid supply, reinforce spot market depth, and improve risk sentiment across digital assets, with BTC likely the primary barometer for near-term positioning.

Impact level

● High

Affected assets

BTC/USDT+3.57%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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Aug. 27 — Huo Xing Finance cited Lookonchain data showing BlackRock has purchased large amounts of Bitcoin and Ether for eight consecutive trading days. Over that span, BlackRock accumulated 27,722 BTC (about $2.2 billion) and 385,633 ETH (about $961 million), bringing the combined total to roughly $3.161 billion.

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