According to on-chain monitoring, asset management giant BlackRock's address received $67.48 million worth of cryptocurrency from an exchange 5 hours ago— including 153.83 BTC (about $14.22 million) and 16,930 ETH (about $5.326 million).
Traditional giants are frequently making moves
As an industry giant managing nearly $10 trillion in assets, BlackRock's on-chain operation immediately attracted attention. This is likely related to its product layout such as the spot Bitcoin ETF, indicating that traditional financial institutions are allocating cryptocurrency assets in a more direct manner.
Why take action at this time?
Currently, it coincides with a critical juncture in the cryptocurrency market:
· The Bitcoin halving effect is gradually becoming evident
· The Ethereum ecosystem continues to upgrade
· The regulatory environment is gradually becoming clearer
It is worth noting that the value of Ethereum transferred this time accounts for a significantly higher proportion, which may reflect the institutions' focus on the ETH ecosystem.
Insights for ordinary people
1. Mainstream capital continues to recognize the value of core crypto assets
2. Institutional allocation is shifting towards a more direct on-chain model
3. In market fluctuations, large funds prefer underlying assets
When Wall Street giants no longer stand by but instead use real money to 'stock up' on-chain, the industry has entered a new phase. The next question: who will follow BlackRock's footsteps?
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