BlackRock Sells $300 Million in Ethereum, Shifting Investment Strategy

Blackrock Inc., the world’s largest asset manager, recently sold approximately $300 million worth of Ethereum through its iShares Ethereum Trust. This move reflects a broader shift in investment strategy amidst market volatility and heightened risk aversion. The sale significantly impacted both the Ethereum and Bitcoin markets, influencing overall cryptocurrency valuations and highlighting potential changes in investor sentiment.