Key Insights:
- BlackRock clients sold $7.43 million in Bitcoin and bought $0.92 million in Ethereum on May 11.
- The BTC sale totaled 90.663 BTC at about $81,952 per coin.
- BlackRock filed a tokenized fund structure powered by Securitize infrastructure.
- Securitize Transfer Agent will keep records for shares distributed across several public blockchains.
BlackRock clients reduced Bitcoin exposure and added Ethereum exposure on May 11. Th firm filed for a new tokenized fund structure powered by Securitize. The client activity showed a Bitcoin sale worth $7.43 million and an Ethereum purchase worth $0.92 million during the same reporting period.
Client Flows Show BTC Selling and ETH Buying
Crypto Patel reported that BlackRock clients sold 90.663 BTC on May 11. The transaction value stood at about $7.43 million, based on an estimated Bitcoin price of $81,952. The clients bought 406.8545 ETH during the period. That purchase carried an estimated value of $0.92 million, based on an Ethereum price of about $2,261.
The figures showed opposite movements across the two largest crypto assets. Bitcoin recorded net selling, while Ethereum recorded net buying in the reported client activity. BlackRock’s IBIT total Bitcoin holding at 821,082.00960 BTC. The reported value of that holding stood at about $66.50 billion.
Meanwhile, the Ethereum side showed larger aggregate exposure across ETHA and ETHB. Total holdings stood at 3,466,514.7979 ETH, valued at about $7.98 billion. BlackRock’s staked ETH stood at 226,779.959 ETH, worth about $521 million.
Securitize Named in Tokenized Fund Filing
Furthermore, BlackRock filed for a new tokenized fund structure powered by Securitize. The filing centered on a structure for managing ownership records and investor onboarding through blockchain-based systems. The farm reselected Securitize as the primary infrastructure provider.
Securitize will manage on-chain ownership records and regulated investor onboarding under the proposed structure. The update also identified Securitize Transfer Agent, LLC as the official record-keeper. It will track shares distributed across several public blockchains.
The filing therefore adds another layer to BlackRock’s digital asset operations. It follows the reported May 11 client activity across Bitcoin and Ethereum products.
