🚨 BlackRock Rotates $151M From Ethereum to Bitcoin, Adds $2
WillyKKK
Updated at: 2 days ago
{"content":"🚨 BlackRock Rotates $151M From Ethereum to Bitcoin, Adds $290M BTC
📢 In a bold move, BlackRock shifted its crypto exposure significantly:
✅ $151.4M in ETH sold from BlackRock-linked wallets
✅ $289.8M in BTC purchased almost immediately after
🌐 On-chain data from Arkham and ETF flow data from SoSoValue confirm this rotation:
• iShares Ethereum Trust (ETHA): $151.39M outflow
• iShares Bitcoin Trust (IBIT): $289.84M inflow (largest among BTC ETFs)
📊 This activity highlights a rare alignment between on-chain movements and ETF flows, reinforcing the strategic pivot. Meanwhile:
• Fidelity’s FBTC: +$9.76M
• Grayscale BTC: +$28.83M
• ETH ETFs saw mixed flows, but none matched BlackRock’s massive exit.
📈 Market Impact:
• BTC: -2.09% (day), still +90% YTD
• ETH: -3.29% (day), +77% YTD
💡 Is this the start of a broader institutional rotation from ETH to BTC, or just BlackRock rebalancing ahead of market catalysts?
#BlackRock #Bitcoin #Ethereum #Crypto #DigitalAssets
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