BlackRock Sold Bitcoin And Bought Ethereum: Should You Too?
According to Arkham Intelligence data, BlackRock has sold Bitcoin (BTC) to purchase more Ethereum (ETH). The move may be due to the world’s largest asset manager expecting further market volatility. BTC’s price has faced a shallow correction over the last few weeks. ETH, on the other hand, seems to be making some slight gains. BlackRock sold $BTC and bought $ETH.https://t.co/qmuDIrP9my pic.twitter.com/220YCdZNxp — Lookonchain (@lookonchain) June 3, 2025 Bitcoin Slides As Ethereum Gains Amid BlackRock’s Shuffle Source: DigitalX BTC hit an all-time high of $111,814 on May 22. BTC’s upswing triggered a market-wide rally. Many crypto assets saw increased inflows following BTC’s price surge. The rally was likely due to a spike in institutional investments. BlackRock alone purchased more than $3 billion worth of BTC in May. BTC has seen a 0% change in the last 24 hours. The asset is down by 3.2% over the last week and 1% in the 14-day charts. Despite the do...