BlackRock's BUIDL Fund Shifts Focus to Avalanche, Surpassing Ethereum Holdings
BlackRock's $2.17B BUIDL fund now holds more in Avalanche ($481.81M) than Ethereum ($422.72M), with Solana leading.
BlackRock's $2.17B BUIDL fund now holds more in Avalanche ($481.81M) than Ethereum ($422.72M), with Solana leading. Ethereum (ETH) is trading at $2,397.57, down 0.2% since this brief published. This is an original TLT brief based on reporting by TronWeekly, with live market data added, as of Fri, 23 Oct 2026 21:45:02 UTC.
This shift by BlackRock, a major institutional player, highlights the growing importance of multi-chain strategies in institutional crypto investment, potentially influencing market dynamics and asset allocation trends.
- BlackRock's BUIDL fund allocates $481.81M to Avalanche, exceeding Ethereum's $422.72M.
- Solana remains the top holding within the fund.
- The move underscores institutional interest in multi-chain strategies for 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 
Avalanche holdings to $481.81M, surpassing its 
Ethereum allocation of $422.72M. This strategic shift highlights the growing importance of multi-chain strategies in institutional crypto investment.
Solana remains the top holding within the fund, though the exact amount is not specified. The move underscores BlackRock's focus on diversifying across blockchain networks to optimize for factors like transaction speed, cost efficiency, and regulatory compliance.
The Avalanche network currently has a total value locked (TVL) of $139.03M, a 1.5% decrease over the past week, according to DeFiLlama. In contrast, Ethereum's DeFi TVL stands at $49.67B, while Solana's is $5.86B.
The broader crypto market remains relatively stable, with a total market cap of $2.8T. 
Bitcoin is up 0.25% in the last 24 hours, while Ethereum has gained 0.93% in the same period. Avalanche, however, has seen a 7-day decline of 8.86%, currently trading at $9.12.
Since this brief published about 46 minutes ago, Ethereum (ETH) has moved from $2,401.55 to $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 TLT'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 ≈ ₦3.33M (about $2,397.57), up 0.3% over 24 hours. The naira itself trades about 4.7% above the official rate on the P2P market, so a Nigerian 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.
TLT 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
Why did BlackRock increase its Avalanche holdings?
The increase likely reflects institutional interest in Avalanche's transaction speed, cost efficiency, and compliance features.
What is the current TVL of Avalanche?
Avalanche's TVL is $139.03M, a 1.5% decrease over the past week.
How does this shift affect the broader crypto market?
The shift highlights a trend of institutional diversification across blockchain networks, potentially influencing market dynamics and asset allocation trends.
How much is 1 Ethereum worth in naira today?
About ₦3.33M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,397.57. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira 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 $2,397.57 now versus $2,401.55 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT 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 TLT 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.