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Verse 24

And he said unto them, This is the blood of the covenant, which is poured out for many.

The covenant ... means "the new covenant," that which supplanted the institution of Moses; and concerning which, Hebrews 9 and Hebrews 10 give a full discussion. Christ's is the blood which purifies from sin, which is poured out for many, without which there is no remission of sins. The very fact of Christ's associating these symbols of the Lord's Supper with so sacred a thing as his blood is a testimonial of its relevance and importance to all who would be saved.

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