BlackRock ETH Holdings Change Details

Big players are selling off. Everyone should pay attention. Retail investors cannot absorb the supply, and a decline is inevitable.

According to data from Farside Investors, this week, the net outflow of Ethereum spot ETF in the United States was $93.9 million, of which BlackRock's ETHA sold off $63.6 million worth of ETH in a single week. Meanwhile, Grayscale's ETHE also saw an outflow of $52.6 million. This selling behavior resonates with the price trend of Ethereum, causing its price to drop below $2200, and the ETH/BTC exchange rate hit a new low.

From blockchain data, BlackRock's recent operations have been quite frequent. For example, on August 5, BlackRock transferred 2,544 BTC and 101,975 ETH to Coinbase Prime. Such transfers are usually interpreted by the market as a precursor to redemptions, especially given the cautious sentiment among investors, which has raised concerns about a large-scale sell-off of ETH. Despite a net inflow of $88.8 million into BlackRock's Ethereum ETF (ETHA) on August 5, the previous large transfers kept the market on alert. $ETH #ETH突破4000