🚨 BlackRock Dumps Nearly $1 Billion in Crypto in Just One Week
BlackRock has significantly reduced its crypto exposure, selling nearly $1B worth of Bitcoin and Ethereum ETFs within a single week.
1.$BTC Bitcoin Under Heavy Pressure
iShares Bitcoin Trust (IBIT) recorded $522.4M in weekly outflows
Biggest sell-off on Jan 21: $356.6M
Bitcoin dropped below the key $90,000 level
2. $ETH Ethereum Also Sees Massive Outflows
iShares Ethereum Trust (ETHA) saw $416.6M in outflows.
🏦 What’s Behind the Sell-Off?
Institutional investors reducing risk
Weak market sentiment and macro uncertainty.
ETH
2,913.1
+1.84%