BlackRock Sells Over $11 Million in Bitcoin (BTC): Accumulates This Major Token

Onchain analytics firm, Lookonchain revealed that BlackRock sold 182 BTC, valued at approximately $11.34 million, while purchasing 7,574 ETH

BlackRock, the world’s largest asset manager, has sold 182 Bitcoin (BTC) while purchasing 7,574 Ethereum (ETH) in recent transactions, according to data from onchain analytics firm Lookonchain.

The total value of the BTC sold by BlackRock amounts to around $11.34 million, based on current market prices. Meanwhile, the 7,574 ETH purchased by the firm are valued at approximately $18.52 million.

After these transactions, BlackRock now holds 369,640 BTC, which are collectively worth about $23.02 billion. Additionally, the firm’s ETH holdings now stand at 414,168 tokens, having a total value of around $1.01 billion.

Related: Multiple Metrics Suggest Incoming Bullish Rally for BONK Meme Coin: Here’s the Outlook

BlackRock sold 182 $BTC($11.34M) and currently holds 369,640 $BTC($23.02B).https://t.co/kqNUqHBiTn

BlackRock bought 7,574 $ETH($18.52M) and currently holds 414,168 $ETH($1.01B).https://t.co/sefS6WTlHz

These transactions by BlackRock could indicate a strategic shift in its or its investors’ cryptocurrency portfolio. It might also suggest an increased confidence in Ethereum’s potential among institutional investors.

Moreover, this movement of funds by such a large institutional investor could potentially impact market sentiment. As institutional interest continues to grow, BlackRock’s actions could influence other investors.

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Follow us on Twitter, CoinMarketCap and Binance Square for more daily crypto updates.

Get all our future calls by joining our FREE Telegram group.

We recommend eToro for beginners and advanced traders alike. They offer copy trading, a broad range of markets, low fees and a user-friendly platform.

The above is the detailed content of BlackRock Sells Over $11 Million in Bitcoin (BTC): Accumulates This Major Token. For more information, please follow other related articles on the PHP Chinese website!