Blackrock Sells $370 Million in Bitcoin and Ethereum

Financial giant BlackRock has reportedly divested a significant portion of its cryptocurrency holdings, selling approximately $370 million worth of both Bitcoin (BTC) and Ethereum (ETH) in just two days. While no official statement confirms the sale details, reports indicate these transactions were executed through Coinbase Prime, impacting both market sentiment and liquidity. The move reflects portfolio adjustments as BlackRock seeks to optimize its investment strategy across various asset classes. Market analysts are observing whether this will be a sign of a broader trend or simply a temporary adjustment within the larger financial ecosystem.