Express
Opinion: BlackRock may sell $50.6 billion worth of Bitcoin and Ethereum
Summary: According to reports from Digital Asset, BlackRock transferred $3.66 billion worth of BTC and ETH to the virtual asset exchange Coinbase, hinting at a possible large-scale sell-off. Based on LookOnChain data, BlackRock transferred 1885 Bitcoins and 59606 Ethereums to Coinbase Prime on August 21, totaling $3.66 billion. Market interpretations of BlackRock's asset transfer vary. Some ...
According to reports from Digital Asset, BlackRock transferred $3.66 billion worth of BTC and ETH to the virtual asset exchange Coinbase, hinting at a possible large-scale sell-off. Based on LookOnChain data, BlackRock transferred 1885 Bitcoins and 59606 Ethereums to Coinbase Prime on August 21, totaling $3.66 billion.
Market interpretations of BlackRock's asset transfer vary. Some analysts believe it could be a simple portfolio rebalancing, while others think it may reflect weakening sentiment among institutional investors. BlackRock's large-scale virtual asset transfer has heightened market anxiety, especially with Federal Reserve Chairman Jerome Powell set to speak. According to CoinMarketCap data, on August 22, Bitcoin traded at $112,975.31, down 0.61% from the previous day; Ethereum traded at $4,280.45, down 0.22%.
Tags:
Link: Opinion: BlackRock may sell $50.6 billion worth of Bitcoin and Ethereum [Copy]
