BlackRock sells Bitcoin and swaps it for Ethereum in new strategic allocation

• BlackRock sells Bitcoin and bets on Ethereum
• Manager moves 27 thousand ETH in new crypto strategy
• Portfolio shift indicates focus on Ethereum

BlackRock, the world's largest asset manager, made a significant move in the cryptocurrency market in the last 24 hours. According to on-chain data analyzed by Lookonchain, the company sold 1.249,683 Bitcoins (BTC) and, hours before, had purchased 27.241 units of Ethereum (ETH).

Bitcoin is currently trading at $106.127, up 1,7% in the last 24 hours. Ethereum is up 3% in the same period, trading at $2.618,32. These figures reinforce the momentum of the main digital assets, especially ETH, which was the focus of the manager's new allocation.

The transaction highlights a strategic shift in BlackRock’s crypto portfolio, with a reduction in exposure to Bitcoin and a significant increase in Ethereum. The significant purchase of ETH occurred approximately 22 hours before the BTC liquidation, indicating a coordinated and calculated move.

BlackRock sold $ BTC and bought $ ETH . https://t.co/qmuDIrP9my pic.twitter.com/220YCdZNxp

— Lookonchain (@lookonchain) June 3, 2025

Although the company has not released an official statement on the operation, the move signals a possible change in focus, considering the growing institutional interest in Ethereum — driven by the development of the network, in addition to the expectation of approval of cryptocurrency ETFs in the United States.

The decision to rebalance digital assets may indicate that the asset manager sees Ethereum as having greater potential in the short and medium term. Factors such as the advancement of staking, the evolution of scalability solutions, and the strengthening of the DeFi ecosystem contribute to making ETH a strategic choice in times of a more selective market.

With this, the market is closely monitoring the next steps of BlackRock and other large institutions that continue to adjust their portfolios with a focus on cryptocurrencies with greater utility and structural growth, such as Ethereum.