BlackRock Makes Substantial Bitcoin and Ethereum Transfers to CEX

Cryptocurrency analytics platform BlockBeats has reported significant movements of Bitcoin and Ethereum from BlackRock, a leading asset management firm. According to OnchainLens, the firm transferred 794.43 Bitcoin valued at approximately $87.4 million, along with 48.36 Ether, estimated at about $188,800, to a centralized exchange (CEX) in the past hour. This transfer showcases the growing influence of institutional players in the cryptocurrency market.