The post Crypto News Today: Crypto Market Rises as BlackRock Purchases $589M in BTC and ETH appeared on BitcoinEthereumNews.com.

BlackRock buys $589M in Bitcoin and Ethereum in 3 days as its crypto ETFs lead market inflows during crypto price recovery.   BlackRock has acquired $589 million worth of Bitcoin and Ethereum over three days, according to on-chain data from Arkham.  The accumulation happened through multiple transfers from Coinbase and occurred as crypto prices rebounded and institutional activity increased. These movements signal a renewed focus on crypto assets by large financial institutions during a time of broader market recovery. $589 Million in BTC and ETH Transferred to BlackRock Wallets BlackRock received 4,044 BTC and 80,121 ETH across several large transactions from Coinbase wallets, totaling around $589 million.  The purchases were completed in batches, including one transfer of 300 BTC, along with multiple Ethereum deposits, completed within minutes of each other. According to Arkham data, the value of these assets breaks down to approximately $354 million in Bitcoin and $235 million in Ethereum at current prices. These transfers mark one of the largest recent institutional accumulations of crypto assets within a short timeframe.  The activity also reverses earlier trends where assets were moving from BlackRock wallets back to exchanges. 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 At the time of these transfers, Bitcoin was trading near $91,552 after an earlier price dip. The price rebound occurred around the $91,000 level and was followed by a continued upward trend. This move aligned with the broader market’s recovery and higher demand for crypto exposure. ETF Inflows Push BlackRock to Lead the Market On November 26, BlackRock’s IBIT ETF led the market with net inflows of nearly $43…

---

Filed under: News - @ November 29, 2025 4:16 pm