Token

Major

Million

BlackRock

<p>Onchain analytics firm, Lookonchain revealed that BlackRock sold 182 BTC, valued at approximately $11.34 million, while purchasing 7,574 ETH for about $18.52 million.</p>
<p>Following these transactions, <a href="https://www.coindesk.com/tag/blackrock/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a> holds 369,640 BTC, worth around $23.02 billion, and 414,168 ETH, valued at approximately $1.01 billion.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/multiple-metrics-suggest-incoming-bullish-rally-for-bonk-meme-coin-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">Multiple Metrics Suggest Incoming Bullish Rally for BONK Meme Coin: Here’s the Outlook</a></em></strong></p>
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   <p lang="en" dir="ltr">BlackRock sold <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> and bought <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>!<br><br>BlackRock sold 182 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($11.34M) and currently holds 369,640 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($23.02B).<a href="https://t.co/kqNUqHBiTn" target="_blank" rel="noopener noreferrer nofollow">https://t.co/kqNUqHBiTn</a><br><br>BlackRock bought 7,574 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($18.52M) and currently holds 414,168 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($1.01B).<a href="https://t.co/sefS6WTlHz" target="_blank" rel="noopener noreferrer nofollow">https://t.co/sefS6WTlHz</a> <a href="https://t.co/ljZW1Nn1xc" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ljZW1Nn1xc</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1844779314522603820?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 11, 2024</a>
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<p>This activity could be a strategic shift in BlackRock’s or its investors’ cryptocurrency portfolio. It could also show increased confidence in Ethereum’s potential.</p>
<p>They could also be adjusting their risk exposure across different cryptocurrencies.</p>
<p>Furthermore, this movement of funds by such a large institutional investor could potentially impact market sentiment. As institutional interest continues to grow, BlackRock’s actions could influence other investors.</p>
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<p>The post <a href="https://captainaltcoin.com/blackrock-sells-over-11-million-in-bitcoin-btc-accumulates-this-major-token/" rel="noopener noreferrer nofollow">BlackRock Sells Over $11 Million in Bitcoin (BTC): Accumulates This Major Token</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

BlackRock Sells Over $11 Million in Bitcoin (BTC): Accumulates This Major Token

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