[Chain News] The world's largest asset management giant has taken new action.
On December 2nd, BlackRock transferred 1,633.875 BTC to a major custody platform, amounting to approximately $142.6 million at the time. Such a large transfer is generally not done casually — it is either a rebalancing or preparation for a significant move.
It is worth noting that institutional-grade custody usually implies a long-term holding strategy. Given BlackRock's aggressive positioning in spot ETFs this year, it is highly likely that these coins are not meant to be dumped. The market's sensitivity to the entry of traditional financial giants is quite high, and we can observe if there are any further changes in on-chain data in the future.
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BlackRock transfers $140 million BTC, what big move is the institution planning?
[Chain News] The world's largest asset management giant has taken new action.
On December 2nd, BlackRock transferred 1,633.875 BTC to a major custody platform, amounting to approximately $142.6 million at the time. Such a large transfer is generally not done casually — it is either a rebalancing or preparation for a significant move.
It is worth noting that institutional-grade custody usually implies a long-term holding strategy. Given BlackRock's aggressive positioning in spot ETFs this year, it is highly likely that these coins are not meant to be dumped. The market's sensitivity to the entry of traditional financial giants is quite high, and we can observe if there are any further changes in on-chain data in the future.