BlackRock Shifts Portfolio: Sells Bitcoin, Buys Ethereum

BlackRock, the largest asset manager, initiated a portfolio shift by selling 5,362 Bitcoin valued at approximately $561 million. The firm then acquired 27,241 Ethereum, worth around $69 million, between May 30 and June 2, 2025.

The transactions were confirmed by on-chain analytics, marking a significant movement in the crypto market. BlackRock’s actions highlight a shift in institutional preference from Bitcoin to Ethereum. The movements were executed via Coinbase Prime, a platform designed for institutional clients.

BlackRock sold $BTC and bought $ETH.

The transaction has led to a notable shift in the market, with short-term volatility expected to follow. BlackRock’s strategic move has signaled a growing institutional preference for Ethereum over Bitcoin.

The implications for financial markets include potential volatility and revaluation of Bitcoin and Ethereum. Historically, such asset reallocations by large institutions have led to significant market adjustments and recalibrations in institutional investment strategies.

Similar reallocations have occurred during major crypto ETF expansion cycles, leading to adjustments in market sentiment. Historical precedents suggest potential volatility yet confidence in Ethereum as an asset increases.

Experts from Kanalcoin predict that transactional evidence, paired with historical trends, indicates Ethereum’s rising credibility in institutional portfolios. This aligns with prior cycles where platform adaptability spurred increased Ethereum engagement.