BlackRock, the world's largest asset manager, has completed a significant restructuring of its crypto assets with a focus on Bitcoin.
BlackRock's Financial Move
On September 3-4, 2025, BlackRock sold $151 million worth of Ethereum and purchased $290 million in Bitcoin. These actions were verified through Arkham data, including the sale of 35,009 ETH.
Market Reaction to the Shift
The immediate market effects included sudden selling pressure on ETH and increased inflows into BTC. This could lead to short-term price volatility for Ethereum and strengthens the perception of Bitcoin's value as an institutional asset.
Future of Bitcoin and Ethereum
Analysts predict ripple effects on the ETH/BTC trading pair, with potential bearish momentum if ETH support levels are under pressure. This move by BlackRock reinforces a strategy centered around Bitcoin, which may affect liquidity and pricing dynamics in the crypto market.
BlackRock's pivot to Bitcoin may change the market and offer new opportunities for institutional investors in cryptocurrencies.