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BlackRock clients just pulled a power move on May 8th.
They dumped ∼340 BTC for $27.2M, cashing out around $80k each. Then flipped straight into ETH, scooping 1,540 ETH for $3.57M near $2,318.
But here’s the kicker: they staked another 17,969 ETH that same day, about $42M worth.
Post-shuffle, BlackRock’s vault holds 821k BTC at $66.5B and 3.46M ETH at $8.15B, with $533M already staked.
The message is loud. Institutions aren’t leaving crypto, they’re rotating. Taking profits on BTC, loading ETH, and locking it up for yield.
#ETHGlamsterdamCountdown #BitcoinETFMSBTStreak