On-chain data shows that BlackRock's associated address completed a large withdrawal 5 hours ago: 153.83 BTC (market value $14.22 million) + 16,930 ETH (market value $53.26 million), with a total value of nearly $67.5 million.
The asset management giant, which is in charge of nearly $10 trillion, has made a new move.
Many people will be curious - why this time? The market is actually at the intersection of several key nodes: the evolution of the cycle after Bitcoin's halving, the continuous iteration of the Ethereum network, and the gradual formation of the global regulatory framework. A more interesting detail is that the proportion of ETH in this transfer is significantly heavier, does it mean that institutions are beginning to pay more attention to the long-term value of the Ethereum ecosystem?
Since BlackRock launched the Bitcoin spot ETF, the path for traditional financial giants to allocate crypto assets has become clearer: no longer just indirectly participating through financial products, but directly "hoarding" on the chain. Behind this shift is their confirmation of the long-term value of their core assets.
When Wall Street money actually starts flowing on-chain, the rules of the game may have changed. The next question worth paying attention to is: who else will follow suit?
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ConsensusDissenter
· 12-10 06:33
BlackRock's wave of operations shows that Wall Street has really begun to play for real, and is no longer just verbal support.
It is interesting that ETH accounts for a higher proportion, and I feel that institutions have finally seen the ecological value.
Another wave of signals to follow the trend, look, all kinds of funds will be ready to move.
The amount of 67.5 million is a drizzle for BlackRock, but the significance of the signal is far greater than the amount itself.
Hoarding coins directly on the chain is much more honest than pushing any ETF products, and the money will not deceive people.
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LiquidationWatcher
· 12-10 06:30
BlackRock is hoarding coins again, Wall Street is really coming... Now ETH has more roles
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fork_in_the_road
· 12-10 06:21
BlackRock is hoarding coins again, and this time ETH accounts for a higher proportion, and it seems that traditional finance is really starting to take Ethereum seriously
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Gm_Gn_Merchant
· 12-10 06:14
BlackRock's direct on-chain is really not something that ordinary institutions can do, which shows that they no longer play the routine of indirect configuration
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Liquidated_Larry
· 12-10 06:11
BlackRock is stockpiling again? 67.5 million US dollars... This rhythm is a bit fierce
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SellTheBounce
· 12-10 06:10
BlackRock hoarding? Belch... It means that the bottom is not there, and the rebound should come out
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PoetryOnChain
· 12-10 06:04
$67.5 million was sucked in in one go, and BlackRock really regarded this as a long-term business
On-chain data shows that BlackRock's associated address completed a large withdrawal 5 hours ago: 153.83 BTC (market value $14.22 million) + 16,930 ETH (market value $53.26 million), with a total value of nearly $67.5 million.
The asset management giant, which is in charge of nearly $10 trillion, has made a new move.
Many people will be curious - why this time? The market is actually at the intersection of several key nodes: the evolution of the cycle after Bitcoin's halving, the continuous iteration of the Ethereum network, and the gradual formation of the global regulatory framework. A more interesting detail is that the proportion of ETH in this transfer is significantly heavier, does it mean that institutions are beginning to pay more attention to the long-term value of the Ethereum ecosystem?
Since BlackRock launched the Bitcoin spot ETF, the path for traditional financial giants to allocate crypto assets has become clearer: no longer just indirectly participating through financial products, but directly "hoarding" on the chain. Behind this shift is their confirmation of the long-term value of their core assets.
When Wall Street money actually starts flowing on-chain, the rules of the game may have changed. The next question worth paying attention to is: who else will follow suit?