Major news has emerged from the market: On the eve of the Federal Reserve Open Market Committee meeting, global asset management giant BlackRock has made a move.
According to on-chain data, the institution recently increased its holdings by 16,930 shares of ETH, with the transaction valued at as much as $55 million. At the same time, it also purchased 1,533 shares of BTC, involving approximately $15 million.
Some analysts point out that this series of operations may signal a turning point for its balance sheet. Judging from current market sentiment, the entire cryptocurrency sector is showing a positive and optimistic trend. The continued inflow of institutional funds may be building momentum for the next market rally.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
5
Repost
Share
Comment
0/400
CrossChainBreather
· 5h ago
BlackRock’s move… looks like they’re playing chess. Starting to accumulate right before the Fed meeting, that’s really something.
View OriginalReply0
MetaLord420
· 5h ago
What is BlackRock planning this time? Feels like the big money is all waiting for that move from the Fed.
View OriginalReply0
PretendingToReadDocs
· 5h ago
BlackRock really dares to bet. It seems that big money also believes this rally can take off.
View OriginalReply0
CoinBasedThinking
· 5h ago
BlackRock's move is really boosting market confidence. Aren't they afraid of getting stuck holding the bag?
View OriginalReply0
MergeConflict
· 5h ago
Can we stop hyping up BlackRock's moves all the time? If they were really that optimistic, they would have gone all in already.
Major news has emerged from the market: On the eve of the Federal Reserve Open Market Committee meeting, global asset management giant BlackRock has made a move.
According to on-chain data, the institution recently increased its holdings by 16,930 shares of ETH, with the transaction valued at as much as $55 million. At the same time, it also purchased 1,533 shares of BTC, involving approximately $15 million.
Some analysts point out that this series of operations may signal a turning point for its balance sheet. Judging from current market sentiment, the entire cryptocurrency sector is showing a positive and optimistic trend. The continued inflow of institutional funds may be building momentum for the next market rally.