BlackRock ETH Position Change Details

The big players are all selling off. Everyone be cautious. Retail investors can't handle the sell-off, and a decline is inevitable.

According to Farside Investors data, this week the U.S. Ethereum spot ETF saw a net outflow of $93.9 million, with BlackRock's ETHA selling off $63.6 million worth of ETH in just one week. Meanwhile, Grayscale's ETHE also experienced a simultaneous outflow of $52.6 million. This selling behavior resonates with the price trend of Ethereum, which has dropped below $2,200, and the ETH/BTC exchange rate has reached a new low.

From blockchain data, BlackRock's recent operations have been quite frequent. For instance, on August 5, BlackRock transferred 2,544 BTC and 101,975 ETH to Coinbase Prime. Such transfers are often interpreted by the market as a precursor to redemptions, especially given the current cautious investor sentiment, which has raised concerns about a large-scale sell-off of ETH. Although on August 5, BlackRock's Ethereum ETF (ETHA) saw a net inflow of $88.8 million, the previous large transfer activity still keeps the market on high alert. $ETH