BEARISH 72 Crypto Briefing 1H ago · 1 min read 1 read

BlackRock shifts $213M in Bitcoin and $118M in Ethereum amid ETF redemptions

AI summary

BlackRock moved $213 million in Bitcoin and $118 million in Ethereum as ETF redemptions forced asset sales. The transfers point to continued outflows from its crypto funds, with the firm shifting large holdings to meet investor redemptions. Traders watch these flows as a signal of weakening institutional demand and potential near-term selling pressure on BTC and ETH.

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