Blackrock

BlackRock just moved a big batch of BTC and ETH while ETF outflows proceed.

Based on Arkham, 2,201 BTC and 7,557 ETH have been sent to Coinbase Prime, value over $214M at the time. This happened as Bitcoin ETFs saw -$275.9M in internet outflows on Dec 26, with IBIT liable for most of it. Ethereum ETFs additionally recorded internet exits.

Wanting at the greater image, crypto ETPs have now seen around $three.2B in outflows because the October correction.

This doesn’t mechanically mean BlackRock is dumping, however traditionally, giant transfers during sustained outflows are likely to signal danger administration and caution, not accumulation.

What do you assume, routine custody movement or preparation for further strain?