Leading investment firm BlackRock has offloaded bitcoin and ethereum worth $673 million. The sell-off occurred just a day after a notable ethereum deposit that drew attention in the crypto community. On-chain tracker Lookonchain announced the transaction on Thursday, October 6th.
BlackRock, a prominent investment firm, executed a significant sell-off of bitcoin and ethereum totaling $673 million. This move came shortly after the firm's previous ethereum deposit, which had sparked interest and speculation within the cryptocurrency sector.
The transaction was revealed on Thursday, October 6th, by Lookonchain, a well-regarded on-chain crypto tracking platform. Lookonchain's announcement highlighted the scale of the offload, underscoring BlackRock's active involvement in digital assets.
This event follows a pattern of large-scale movements by BlackRock in the crypto space, including the recent ethereum deposit that raised eyebrows among community observers. Such actions by major institutional players like BlackRock often influence market sentiment and trading volumes in bitcoin and ethereum.