I just saw that BlackRock transferred nearly $159 million worth of crypto assets in the past few hours, specifically 1,814 Bitcoin and 24,472 Ethereum. The transfer was made to a major institutional custody service. In other words, this is a quite significant single transaction. The Bitcoin portion is worth about $114 million, and the Ethereum portion is roughly $44.57 million. Such large institutional-level transfers usually attract market attention. As one of the world's largest asset management firms, BlackRock's move may indicate they are adjusting their crypto asset allocation. It’s worth watching the subsequent market reaction.

BTC2.51%
ETH3.17%
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