🚨 BlackRock Clients sell $117 million in $BTC and $45 million in $ETH Amid Dumping Market 🥲
Even though BlackRock itself isn't dumping crypto assets for profit, the actions of their clients still affects the market in many ways, Eg:
• Downward Pressure on Prices: Outflows like the recent $117M in BTC and $46M in ETH add selling pressure by increasing available supply on exchanges.
• Eroding Confidence: It signals institutional caution, possibly due to macro factors like Fed policy uncertainty, geopolitical tension, or rotation to "safe havens" like gold and silver.
What do you think about BlackRock Clients selling Bitcoin and Ethereum in such a market condition?