BlackRock Sold Over 4k Ethereum Tokens; ETH Price Correction Ahead?

• BlackRock reportedly sold 4,489.62 Ethereum tokens, for a total ETH price of $20.3 million.
• BlackRock previously bought 1,794 Bitcoin tokens, for a total BTC price of $209.2 million.
• Both transactions came ahead of confirmation for a 25 bps rate by the US Federal Reserve.

BlackRock, an investment management firm, sold more than 4,000 Ethereum tokens. These were collectively worth over $20 million. BlackRock previously bought more than 1,700 Bitcoin tokens for over $200 million. Selling Ether triggered speculation around ETH price correction ahead of rate cuts. Nevertheless, BTC price and ETH price predictions seem bullish.

BackRock Sold Ethereum Tokens

According to a report by Whale Insider, BackRock sold 4,489.62 Ethereum tokens. The ETH price translated to approximately $20.3 million at the time of the transaction. It is anticipated that ETH price could undergo correction in the days to come.

Ether was last seen trading at $4,545.44, up by 0.68% in the last 24 hours. ETH price further reflected a surge of 5.03% over a week, and an increase of 6.74% in a month.

Interestingly, BlackRock sold Ethereum tokens hours before the much-anticipated Fed rate cuts. The US Federal Reserve is expected to cut rates by 25 bps in September 2025.

BlackRock Bought Bitcoin Tokens

Another report by Whale Insider highlighted that BlackRock previously bought 1,794 Bitcoin tokens. The BTC price approximately translated to $209.2 million at the time of transaction. Bitcoin tokens were bought before selling Ethereum tokens. 

BTC price was last seen exchanging hands at $117,230.61, up by 1.22% in the last 24 hours. The same BTC price further reflected a surge of 4.18% in the last 7 days and a rise of 1.64% in a month.

Some community members believe that the objective was to buy dominance instead of crypto price dips. The dominance of Bitcoin tokens is over 57% with the market cap of $2.33 trillion at the moment.

Bullish Predictions for BTC Price and ETH Price

Predictions around BTC price and ETH price are bullish when the article is being drafted. ETH price is expected to breach the mark of $5k with a jump of 11.41% in the next 30 days. Ongoing volatility is 3.35% with an FGI rating of 53 points. However, overall sentiments around the Ethereum token are neutral, possibly because the Federal Reserve is yet to confirm rate cuts.

Predictions and sentiments around Bitcoin are bullish. BTC price is expected to soar by 3.34% from its current value. Thereby, reaching an exchange rate of around $120,253. Ongoing volatility is 2.06% with an FGI rating of 53 points. It remains to be seen if BTC price achieves a new ATH, or sinks to a new monthly ATL.

It is important to note that the contents of this article are not recommendations or advice into crypto trading and investment.

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