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Senate Democrats to hold closed-door crypto market structure meeting tomorrow, first since Senate Banking Committee’s postponed markup, per Eleanor Terrett. $G
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BlackRock Withdraws Significant Amounts of BTC and ETH
The withdrawal of 12,658 BTC and 9,515 ETH by BlackRock over the past three days might seem concerning on the surface but is likely a routine operational transfer to cold storage for security purposes. It is not a liquidation event. BlackRock remains a massive holder of these assets (784,400 BTC and 3.49 million ETH), and their involvement via spot ETFs continues to be a major source of institutional demand that is lifting market prices. This highlights the maturing operational side of institutional crypto involvement.$BTC $ETH
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