BlackRock’s aggressive accumulation of Bitcoin ($BTC) and Ethereum ($ETH) could soon position it as the top custodian of the world’s largest cryptocurrencies. The company is nipping at the heels of Binance, which currently holds the number one spot.
Prices of these coins could continue to rise as more ETFs and institutional investors stockpile them. This could see Bitcoin Hyper ($HYPER) get a boost from investors looking to take advantage of the speed and low transaction costs of its planned Bitcoin Layer 2.
BlackRock Accelerates $BTC, $ETH Accumulation
Over the past several months, BlackRock’s $BTC and $ETH ETFs have massively increased their coins in custody.
Based on Arkham data , its iShares Ethereum Trust ETF’s holdings grew from only 1.1M $ETH in January to 3.6M $ETH tod