BlackRock, in collaboration with Securitize, has significantly redistributed the BUIDL tokenized fund, leading to a 60% reduction in its Ethereum market cap. According to The Defiant, the fund's Ethereum holdings decreased from $2.4 billion to $990 million as of October 30. This shift was accompanied by increased allocations on other blockchains, including Avalanche, Aptos, and Polygon, as reported by RWAxyz.