BlackRock Rebalances On-Chain, Cuts $BTC Exposure and Adds ETH

BlackRock has made a notable on-chain portfolio rebalance, selling 3,671 $BTC worth roughly $230 million while buying 10,566 ETH valued at about $17.71 million. The move comes as both Bitcoin and Ethereum continue to experience elevated market volatility, suggesting a strategic adjustment in exposure between the two largest cryptocurrencies.

Right now on Binance, $BTC/USDT is trading at $62,143.82, down about 1.7% over the last 24 hours, while ETH/USDT is at $1,659.33, down about 1.2% in the same period.

Quick note: the dollar values in your original post look inconsistent with the asset amounts. At current Binance spot prices, 3,671 $BTC would be worth far more than $230 million, so you may want to double-check those figures.

#CPIWatch BlackRock Rebalances On-Chain, Cuts BTC Exposure and Adds ETH

BlackRock has made a notable on-chain portfolio rebalance, selling 3,671 BTC worth roughly $230 million while buying 10,566 ETH valued at about $17.71 million. The move comes as both Bitcoin and Ethereum continue to experience elevated market volatility, suggesting a strategic adjustment in exposure between the two largest cryptocurrencies.

Right now on Binance, $BTC/USDT is trading at $62,143.82, down about 1.7% over the last 24 hours, while ETH/USDT is at $1,659.33, down about 1.2% in the same period.

Quick note: the dollar values in your original post look inconsistent with the asset amounts. At current Binance spot prices, 3,671 $BTC would be worth far more than $230 million, so you may want to double-check those figures.#SaharaAIDrops55PercentIn15Minutes #BTC突破7万大关