BlackRock ETF Reduces Bitcoin Exposure With $61M Sale Amid Volatility

The BlackRock ETF reportedly carried out massive on-chain rebalancing involving the sale of 3,671 Bitcoin at a value of around $230 million while purchasing 10,566 Ethereum with a market value of…

Source: www.tronweekly.com

Expert opinions (1)

• Anton Erpulev, CEO & Co-Founder at PowerSun Market: When I saw BlackRock's ETF dump $61M in Bitcoin while picking up Ethereum, my first question was: are we watching risk management or a bet on utility? Working in blockchain infrastructure, the knee-jerk reaction is to read this as bearish on BTC. But the numbers tell a different story. They sold…