🚨 Fact Check: BlackRock is buying, not selling ETH
Contrary to viral claims, BlackRock has not sold $221.3M worth of Ethereum. On-chain data and ETF-related activity show the opposite:
🟢 Accumulation in progress:
- Dec 16: Acquired 7,558 ETH (~$22.7M)
- Dec 17: Transferred 47,463 ETH (~$140M) to Coinbase Prime — likely ETF custody
- Recent: Additional $55.4M ETH purchase confirmed
This aligns with BlackRock’s spot ETH ETF ambitions — not a liquidation.
📉 The “$221M sell” narrative? False. Misread or misrepresented data.
📊 Institutions are positioning for ETH exposure. Don’t let FUD cloud the facts.
#Ethereum #BlackRock #CryptoNews #ETFs #onchaindata $ETH
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