Asset supervisor BlackRock is partnering with Anchorage Digital for crypto custody providers, a transfer aimed toward addressing the rising demand for digital property from retail and institutional buyers.
Based on an April 8 announcement, BlackRock is the world’s largest funding agency, with $11.6 trillion in property underneath administration. The corporate ranks among the many largest suppliers of crypto exchange-traded merchandise (ETPs), with holdings totaling $45.3 billion in Bitcoin (BTC) and $1.7 billion in Ether (ETH), based on information from Arkham.
BlackRock’s crypto holdings. Supply: Arkham Intelligence
Anchorage is the only federally chartered crypto bank in america. Together with custody providers, it would present BlackRock entry to digital property staking and settlement. Anchorage at the moment helps BlackRock’s BUIDL fund — a $2 billion tokenized fund backed by US Treasurys and centered on real-world property.
BlackRock relies on Coinbase for custody of the Bitcoin held in its iShares Bitcoin Belief ETF.
Associated: BlackRock’s BUIDL fund explained: Why it matters for crypto and TradFi
Bitcoin ETFs have confronted a turbulent path in 2025
Since its debut in January 2024, Bitcoin funds have attracted a cumulative $36 billion in inflows. Nevertheless, information from Sosovalue, which tracks ETF efficiency, exhibits that 2025 has been marked by sharp swings, with intervals of sturdy inflows adopted by vital outflows.
Bitcoin ETFs each day inflow-outflows. Supply: Sosovalue
Bitcoin funds are seen as among the most successful ETF launches in history, with BlackRock’s iShares Bitcoin Belief ETF outperforming opponents and recording a web influx of $39 billion, based on Sosovalue. The agency has since launched a crypto ETP in Europe.
Journal: X Hall of Flame: Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer
