BlackRock Continues to Offload Millions in Bitcoin, Ethereum, But for How Long?
BlackRock is the world’s largest asset manager and the leading institution in Bitcoin and Ethereum exchange-traded funds (ETFs), offering via iShares products IBIT and ETHA, traded on Nasdaq. Differently from TradFi, part of BlackRock’s activities can be seen on-chain, with BTC and ETH moves to (deposits) and from (withdrawals) Coinbase Prime accounts, usually representing sales and purchases, respectively. On that note, Lookonchain and other on-chain analytic tools have been monitoring BlackRock activity, ...