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Tk786 Trader
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Baissier📰 BlackRock Dumped Almost $400 Million of These Cryptocurrencies in a Week
BlackRock, the world’s largest asset management firm, reduced its exposure to major cryptocurrencies as the market faced continued volatility this week. Over the course of five days, the company offloaded a combined ~$374 million worth of Bitcoin (BTC) and Ethereum (ETH), driven by outflows from its spot crypto ETFs.
📉 BlackRock’s Bitcoin ETF (IBIT) saw roughly $261.3 M in outflows, with the biggest single-day drop of $157.6 M on Feb. 12.
📉 Its Ethereum ETF (ETHA) recorded $112.7 M in outflows, with heavy selling on Feb. 9, 11, and 12.
🔁 Despite a small inflow mid-week, the overall trend was net selling pressure across both BTC and ETH ETFs, reflecting a cautious shift among institutional investors.
📊 This came amid broader spot crypto ETF volatility, including industry-wide net outflows and fluctuating flow patterns.
📍 At press time, Bitcoin was trading below $70,000 and Ethereum was near the $2,000 support level, both modestly up on the day. �
Finbold
This move underscores how institutional sentiment can shift quickly in crypto markets, especially when price volatility rises. �$BTC $ETH #TradeCryptosOnX #MarketRebound #CPIWatch #USNFPBlowout #TrumpCanadaTariffsOverturned
BlackRock, the world’s largest asset management firm, reduced its exposure to major cryptocurrencies as the market faced continued volatility this week. Over the course of five days, the company offloaded a combined ~$374 million worth of Bitcoin (BTC) and Ethereum (ETH), driven by outflows from its spot crypto ETFs.
📉 BlackRock’s Bitcoin ETF (IBIT) saw roughly $261.3 M in outflows, with the biggest single-day drop of $157.6 M on Feb. 12.
📉 Its Ethereum ETF (ETHA) recorded $112.7 M in outflows, with heavy selling on Feb. 9, 11, and 12.
🔁 Despite a small inflow mid-week, the overall trend was net selling pressure across both BTC and ETH ETFs, reflecting a cautious shift among institutional investors.
📊 This came amid broader spot crypto ETF volatility, including industry-wide net outflows and fluctuating flow patterns.
📍 At press time, Bitcoin was trading below $70,000 and Ethereum was near the $2,000 support level, both modestly up on the day. �
Finbold
This move underscores how institutional sentiment can shift quickly in crypto markets, especially when price volatility rises. �$BTC $ETH #TradeCryptosOnX #MarketRebound #CPIWatch #USNFPBlowout #TrumpCanadaTariffsOverturned
Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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