Summary
- World Liberty Financial (WLFI) said it is reducing exposure to Bitcoin (BTC) and reallocating assets into Ethereum (ETH).
- WLFI sold 93.77 Wrapped Bitcoin (WBTC) about six hours ago and bought about 2,868 ETH, with the transaction size estimated at about $8.08 million.
- The transaction is interpreted as a clear asset rotation from Bitcoin to Ethereum, with Ethereum’s relative defensiveness highlighted on the back of staking demand and on-chain activity.
World Liberty Financial (WLFI) is reducing its exposure to Bitcoin (BTC) and reallocating assets into Ethereum (ETH).
According to Lookonchain on the 25th (local time), World Liberty Financial sold 93.77 Wrapped Bitcoin (WBTC) about six hours ago and bought about 2,868 ETH. The transaction size is estimated at about $8.08 million.
The move is interpreted as a clear rotation of assets from Bitcoin to Ethereum. While Bitcoin has seen heightened volatility amid political and macro uncertainty, Ethereum may have benefited from perceptions of relative defensiveness supported by staking demand and on-chain activity.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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