Basri Caneri 
BlackRock, one of the world’s largest asset management firms, made a massive transfer in the last 30 minutes. The company’s IBIT Bitcoin ETF and ETHA Ethereum ETF accounts sent 5,100 BTC ($441.88 million) and 30,280 ETH ($71.85 million) to the Coinbase Prime wallet.
Back-to-back Giant BTC Transfers from BlackRock
As can be seen in the images, BlackRock’s IBIT Bitcoin ETF wallet saw a large number of 300 BTC transactions. These transfers, each worthapproximately $25.99 million, totaled 5,100 BTC (approximately $441.88 million).
While these large-scale transactions show that institutional investors’ interest in Bitcoin is growing, they could lead to a market surge.
Ethereum (ETH) Transactions Attracted Attention
In addition to Bitcoin, 30,280 ETH ($71.85 million) was transferred from BlackRock’s ETHA Ethereum ETF wallet to Coinbase Prime. One of the largest transactions was a 280 ETH transfer, while multiple large-scale transfers of 10,000 ETH were also recorded.
Given the current price of Ethereum, these purchases are expected to increase activity in the ETF market.
What Impact Will ETFs Have on the Market?
These giant transfers by BlackRock show that institutional investor inflows to the crypto market continue. Especially in this period of increased interest in Bitcoin and Ethereum spot ETFs, the moves of giant financial institutions such as BlackRock can be an important indicator for investors.
After these transfers, it will be clear in the coming days whether there will be an upward movement in BTC and ETH prices.
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