BlackRock has shifted $28.36 million from Bitcoin to Ethereum, reflecting a strategic reallocation amid market volatility. The investment giant deposited 272.4 BTC into Coinbase Prime and subsequently withdrew 12,098 ETH. This move aligns with a trend of strong inflows into Ethereum ETFs, as BlackRock’s iShares Ethereum Trust (ETHA) reported the highest net inflow of $46.9 million among U.S. Ethereum ETFs, while Bitcoin funds experienced outflows.
BlackRock Reallocates $28M from Bitcoin to Ethereum Amid Volatility
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