BlackRock moved to cut exposure to the two largest cryptocurrencies, transferring more than $470 million worth of Bitcoin and Ether from its spot exchange-traded funds in a series of transactions late on 20 August and early 21 August, according to blockchain-monitoring service Lookonchain and data compiled by Cointelegraph. Wallets linked to the world’s biggest asset manager shifted about 1,940 Bitcoin valued at roughly $221 million, alongside between 59,600 and 63,280 Ether worth $255-258 million, to Coinbase Prime for sale. Earlier in the day, the ARK 21Shares Bitcoin ETF redeemed 671 Bitcoin, or about $76 million, signalling broader outflows across U.S. crypto ETFs. The liquidations come as opinions among large money managers continue to diverge. Allianz, which oversees roughly €2.1 trillion in assets, said in a research note that Bitcoin is a “credible store of value” and should sit “at the forefront of long-term portfolio construction,” highlighting that institutional attitudes toward the asset class remain far from settled.