The BlackRock Whale Just Blew A 75 Million Hole In Ethereum
Institutional flows saw a rare flash of red yesterday. $ETH spot ETFs registered a swift $75.21 million net outflow, a move entirely driven by BlackRock’s $ETHA product.
While this number is high and certainly cooled daily market sentiment, context is everything. Zero inflows across all nine issuers suggests a major, singular position adjustment rather than broad panic. BlackRock’s cumulative inflow still stands near $13 billion, meaning this outflow represents less than 0.6% of their total positioning.
We are seeing profit taking and rebalancing, not capitulation. The structural thesis for $ETH remains profoundly strong, especially as the market anticipates the next major move for $BTC. Do not confuse short-term institutional housekeeping with a fundamental shift in the long-term bullish narrative. The AUM base is robust, and the ETF share of the overall $ETH market cap confirms deep institutional adoption.
Not financial advice.
#CryptoFlows #EthereumETF #BlackRock #InstitutionalMoney #BTC
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