I just saw that BlackRock moved a quite significant amount in crypto. According to on-chain data, they deposited around 48k ETH and 544 BTC into a premium custody service, totaling over 150 million dollars.



At current prices, that’s approximately 110 million in Ethereum and 42 million in Bitcoin. This isn’t the first time we’ve seen these giant institutions make such moves, but each deposit of this size is interesting to monitor.

With BlackRock’s ETF growth in the crypto market, these movements suggest they are still accumulating positions. Something worth keeping on your radar if you follow institutional whale movements.
ETH-0.16%
BTC-0.32%
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