BlackRock has made another major move. Around 8:40 PM on November 3rd, its Bitcoin Spot ETF product IBIT transferred 1,198 BTC (approximately $129 million) and 15,121 ETH (worth $56.1 million) to a compliant custody platform, with on-chain data verified by multiple institutions.

This total asset transfer of $185 million reveals several key pieces of information:

Traditional finance is increasing its involvement in the crypto sector. As an asset management giant managing over $10 trillion, every step BlackRock takes signals the support of institutional funds. This move effectively tells the market with real money: we are optimistic about long-term value.

Market liquidity may see improvement. The entry of these assets into the trading system—whether for market making, trading, or other allocations—will inject new vitality into the secondary marketplace. Short-term price fluctuations may occur, but the medium- and long-term support is strengthening.

The compliance process continues to advance. In the context of stricter global regulation, transparent operations by firms like BlackRock also serve to endorse the industry, which can significantly boost investor confidence.

It’s worth noting that this is not BlackRock’s first large-scale asset adjustment. Since its Bitcoin ETF launched, capital inflow has remained among the industry’s top. This move appears to be a continuation of routine asset management rather than a short-term speculative action.

As traditional financial giants keep increasing their holdings, market participants should perhaps remain rational, focus on fundamental changes, and not be led astray by short-term fluctuations. After all, behind the $185 million allocation decision lies the in-depth analysis of numerous professional teams.