CoinOtag
2025-11-29 09:13:21

BlackRock’s Bitcoin and Ethereum Transfers May Indicate ETF Redemptions in Volatile Market

BlackRock's recent transfers of $589 million in Bitcoin and Ethereum represent ETF redemptions, not new purchases, highlighting institutional outflows amid market volatility near $91,000 for BTC. These on-chain movements from Coinbase involve 4,044 BTC and 80,121 ETH, reflecting market makers' hedging after investor exits. The volatility signals a maturing crypto market transitioning to institutional frameworks. [...]

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