#BlackRocks #BTC #ETH #selling

๐Ÿšจ BlackRock Is Selling BTC & ETH โ€” Major Outflows Detected

BlackRock โ€” the $13T asset-management giant โ€” appears to be selling or liquidating significant amounts of BTC and ETH from its ETFs.

Recent on-chain data shows hundreds of millions of dollars in BTC and ETH being moved from BlackRockโ€™s ETF wallets (IBIT & ETHA) into Coinbase Prime, which is typically used for executing large sales.

These transfers match ETF outflows, suggesting BlackRock is offloading crypto to meet redemptions or rebalance. Given BlackRockโ€™s scale, this activity could add downward pressure on the crypto market in the near term.