CoinVoice
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Opinion: BlackRock may sell $506 billion worth of Bitcoin and Ethereum
CoinVoice has learned that, according to Digital Asset, BlackRock transferred $366 million worth of BTC and ETH to the virtual asset exchange Coinbase, suggesting a potential large-scale sell-off. According to LookOnChain data, BlackRock transferred 1,885 Bitcoins and 59,606 Ethereums to Coinbase Prime on August 21, with a total value of $366 million.
The market's interpretation of BlackRock's recent asset transfer is divided. Some analysts believe it could be a simple portfolio rebalancing, while others think it may reflect a weakening sentiment among institutional investors. BlackRock's large-scale virtual asset transfer has heightened market anxiety, especially in light of Federal Reserve Chairman Jerome Powell's upcoming speech. According to CoinMarketCap data, on August 22, Bitcoin was trading at $112,975.31, down 0.61% from the previous day; Ethereum was trading at $4,280.45, down 0.22%. [Original link]
The market's interpretation of BlackRock's recent asset transfer is divided. Some analysts believe it could be a simple portfolio rebalancing, while others think it may reflect a weakening sentiment among institutional investors. BlackRock's large-scale virtual asset transfer has heightened market anxiety, especially in light of Federal Reserve Chairman Jerome Powell's upcoming speech. According to CoinMarketCap data, on August 22, Bitcoin was trading at $112,975.31, down 0.61% from the previous day; Ethereum was trading at $4,280.45, down 0.22%. [Original link]
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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