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BlackRock Sells $230 Million in Bitcoin and Launches to Ethereum in Full Correction
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BlackRock has sold $230 million in Bitcoin and has rotated that capital towards Ethereum, according to data from Yahoo Finance and TradingView. The movement arrives in the worst bitcoin week since the collapse of FTX in 2022, with losses that have erased much of the profits of the last quarter. The transaction has occurred through the listed funds (ETF) that the firm manages, especially the iShares Bitcoin Trust, which recorded record outputs in…
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