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BlackRock Ethereum fund sees 580K ETH in monthly outflows
Lookonchain said the fund accounted for about 88.4% of October’s Ethereum ETF outflows as redemptions continued through Coinbase Prime wallets.
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Ethereum News: BlackRock's ETF Has Shed $1.3 Billion of ETH in a Month. Can Ethereum Hold Its $2,170 Low?
BlackRock's Ethereum ETF has been offloading ETH at a staggering pace while a historic crypto hack adds fresh selling pressure to the market. Two forces are now threatening a critical price floor, and corporate buyers may not be enough to hold it.
·Lakewood, United States
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BlackRock Ethereum fund sees 580K ETH in monthly outflows
BlackRock recorded outflows of 580,145 ETH worth about $1.32 billion over the past month, according to Lookonchain’s Nov. 2 update, as withdrawals continued from its Ethereum investment product. Lookonchain’s monthly update showed transfers from wallets labeled as BlackRock Coinbase Prime…
Ethereum ETFs are seeing another long series of capital outflows. BlackRock remains the leader in the declines, losing over half a billion USD.
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