BlackRock, the world’s largest asset manager, has recently made significant moves in the crypto market, according to on-chain data analyzed by Arkham. The company transferred millions of dollars in Bitcoin just days after making major purchases through ETFs worth around $1 billion.
According to the source, BlackRock’s crypto portfolio is valued at $98.95 billion, consisting mainly of Bitcoin and Ethereum. Bitcoin holds the largest share, with 746,016 BTC valued at approximately $82.43 billion, representing nearly 83% of the total exposure.
The company’s actions have sparked debate among market participants. Some analysts believe this represents a routine portfolio rebalancing, while others raise questions about potential influence on market dynamics. So far, BlackRock has not issued an official comment on its recent transactions.