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BlackRock ETF One-Time Custody of Over $600 Million in BTC and ETH, Institutional Deployment Signals Emerge
【Crypto World】BlackRock makes another big move. According to on-chain data tracking, the ETF address under this global asset management giant transferred a total of 3,970 BTC and 82,813 ETH to a compliant custody platform at once, with approximate USD values of 356.7 million and 247.1 million respectively. The total assets exceed 600 million USD, which not only reflects traditional financial institutions’ long-term commitment to Bitcoin and Ethereum but also serves as a market sentiment indicator. Large institutional custody usually indicates a long-term holding plan, directly impacting market liquidity and price stability.