BlackRock's BUIDL Fund Shifts Focus to Avalanche, Surpassing Ethereum Holdings
BlackRock's $2.17B BUIDL fund now holds more assets on Avalanche than Ethereum, with Solana leading.
BlackRock's $2.17B BUIDL fund now holds more assets on Avalanche than Ethereum, with Solana leading. Ethereum (ETH) is trading at ₹2,27,533 ($2,397.57), down 0.2% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Fri, 23 Oct 2026 21:45:01 UTC.
This shift by BlackRock, a major institutional investor, highlights the growing importance of multi-chain strategies and could influence broader institutional adoption of Avalanche and Solana for real-world asset tokenization.
- BlackRock's BUIDL fund holds $481.81M on Avalanche, exceeding $422.72M on Ethereum.
- Solana leads with the largest holdings within the fund.
- The move underscores institutional interest in multi-chain tokenization.
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- BlackRock's BUIDL Fund Shifts Focus to Avalanche, Surpassing Ethereum Holdings — this brief
BlackRock's BUIDL fund, with a circulating supply of $2.17B, has significantly increased its holdings on the 
Avalanche blockchain to $481.81M, surpassing its 
Ethereum holdings of $422.72M. This information comes from TronWeekly, which also notes that 
Solana holds the largest position within the fund.
The shift towards Avalanche and Solana is attributed to factors such as faster transaction speeds, lower fees, and better compliance features, according to TronWeekly. This move underscores a growing trend of institutional investors diversifying their portfolios across multiple blockchains to optimize for different use cases.
On-chain data from DeFiLlama confirms that Avalanche's total value locked (TVL) is $139.03M, while Ethereum's DeFi TVL stands at $49.59B, and Solana's is $5.85B. These figures provide context for the scale of BlackRock's investment relative to the overall ecosystem.
The broader crypto market remains relatively stable, with a total market cap of $2.8T. Ethereum is currently priced at $2401.55, up 0.93% in the last 24 hours, while Avalanche is at $9.12, up 0.29% in the same period. Solana is also up slightly, at $103.9, reflecting a 0.67% increase.
The shift in BlackRock's holdings could have implications for the broader adoption of Avalanche and Solana for real-world asset tokenization. Investors will be watching to see if other institutional players follow suit and if this trend continues to gain momentum.
Since this brief published about 45 minutes ago, Ethereum (ETH) has moved from ₹2,27,910.29$2,401.55 to ₹2,27,532.58$2,397.57 — -0.17%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹244,012.69 (about $2,397.57), up 0.3% over 24 hours. The rupee itself trades about 7.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 23, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
BlackRock's BUIDL Fund Shifts Focus to Avalanche, Surpas — questions & answers
What is the total value locked on Avalanche?
Avalanche's TVL is $139.03M, according to DeFiLlama.
How much does BlackRock's BUIDL fund hold on Ethereum?
The fund holds $422.72M on Ethereum.
Why did BlackRock shift assets to Avalanche and Solana?
The shift is due to factors like transaction speed, lower fees, and compliance features.
How much is 1 Ethereum worth in rupee today?
About ₹244,012.69 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,397.57. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.17% since this brief first published — trading at ₹2,27,533 ($2,397.57) now versus ₹2,27,910 ($2,401.55) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.