The Blood if the Foundation while Covenant is the Document.
The Blood Lays the Foundation of the Covenant and the Covenant Reveals the Document Established in the Blood.
Without the Blood no Covenant can be Inaugurated, nor will it be Effective.
God Enumerates in the Covenant all the Inheritance He is Giving us, and this Covenant He Seals with the Blood of the Lord Jesus.
It is on the Ground of this New Covenant of the Blood of the Lord Jesus that we come into our Spiritual Inheritance.