BlackRock dumps over $900 million of this crypto in the last week
BlackRock’s crypto portfolio has shifted significantly over the past week, with blockchain data showing a sharp reduction in its Ethereum holdings alongside renewed accumulation of Bitcoin. According to data retrieved by Finbold from on-chain intelligence from Arkham, BlackRock’s Ethereum position fell from 3.78 million ETH worth $16.82 billion on September 5 to 3.66 million ETH worth $15.91 billion on September 12. That marks a reduction of 115,950 ETH, equating to more than $913 million in value within just seven days. BlackRock’s Ethereum holdings. Source: Arkham Ethereum’s share of BlackRock’s crypto exposure dropped from 16.7% to 15.7%, a clear tilt away from the second-largest cryptocurrency by market cap. BlackRock boosts its BTC holdings In contrast, BlackRock added to its Bitcoin position. Holdings rose from 747,470 BTC ($83.53 billion) to 751,400 BTC ($85.62 billion) over the same period. An increase of 3,930 BTC, worth more than $2.09 billion, ...