BlackRock moves $213M in Bitcoin and $118M in Ethereum as ETF redemptions bite
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BlackRock shifted roughly $213 million in Bitcoin and $118 million in Ethereum as ETF redemptions drove asset sales. The transfers highlight how redemption pressure is forcing the asset manager to move large crypto holdings, with the flows reflecting weaker investor sentiment toward spot crypto funds. The scale of the moves underscores the operational mechanics now linking ETF share redemptions to on-chain liquidity. Watch upcoming daily flow data for BlackRock's spot Bitcoin and Ethereum ETFs to gauge whether redemptions persist or reverse.
Muhabbit's AI wrote this summary in its own words from Crypto Briefing's report. It can get details wrong, so check the source.
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