BlackRock makes large transfers into BTC and ETH, signaling institutional investment interest

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【ChainNews】Recently, on-chain data has shown an interesting trend — BlackRock transferred over 3,000 BTC and more than 5,000 ETH to a major exchange address in a single move.

The specific numbers are as follows: 3,290 BTC, worth approximately $303 million; and 5,692 ETH, valued at around $17.82 million.

This operation is quite large-scale and, to some extent, reflects institutional-level activity. After all, every move by a top global asset management giant like BlackRock is closely watched by market participants. As the two largest cryptocurrencies by market cap, BTC and ETH have always been primary targets for institutional allocation. This adjustment in holdings warrants attention from traders and investors regarding the subsequent market reactions.

BTC4,4%
ETH6,77%
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