BlackRock Doubles Down on Ethereum Amid Market Turmoil

BlackRock has made significant adjustments to its crypto holdings, reducing Bitcoin and increasing Ethereum exposure in the face of market volatility. This shift reflects changing institutional confidence as companies seek stable assets during turbulent times. 272.4 BTC were transferred from BlackRock’s Bitcoin Trust to Coinbase Prime while 12,098 ETH entered their portfolio. The move demonstrates a potential re-balancing of investment strategies within the crypto market.