Wall Street giant BlackRock just scooped up a serious chunk of crypto assets. The institutional behemoth moved 477 BTC—worth roughly $43.67 million—alongside 16,629 ETH valued at $50.64 million through a major custody platform.

This type of accumulation from traditional finance heavyweights signals continued institutional appetite despite market chop. When legacy players deploy this kind of capital, it often hints at longer-term conviction rather than quick flips.

BTC-0.98%

ETH-0.56%

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UnruggableChad

· 12-01 22:22

BlackRock's move... mainstream institutions are really still quietly building positions, while retail investors are still tangled in the rise and fall.

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MEVHunter

· 12-01 20:05

BlackRock's move... never mind, we still need to look at it from a long-term conviction perspective. However, I am more concerned about the mempool movements when these institutional funds flow in and out; being able to grab a good price difference is key.

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APY_Chaser

· 11-29 05:52

BlackRock's recent move shows that TradFi really hasn't given up on encryption.

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ApeWithAPlan

· 11-29 05:37

BlackRock's recent actions indicate that big money is optimistic about the long term, not concerned about this minor fluctuation.

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MetaLord420

· 11-29 05:32

BlackRock's recent actions show that big institutions are really not pretending anymore.