Ethereum Below $4,000 as BlackRock Trims Holdings and ETF Outflows Accelerate
- BlackRock sold Ethereum for the second time in a week, pushing ETH below the $4,000 mark.
- Ethereum ETFs saw over $351 million in net outflows in two days this week.
- More than 420,000 ETH have been withdrawn from exchanges, signaling strong long-term accumulation.
Ethereum is going through a tense market environment after back-to-back days of heavy institutional outflows and a sharp dip below $4,000. BlackRock sold ETH for the second time in seven days, while exchange-traded funds shed more than $315 million in just two sessions.
Short-term sentiment turned defensive, but on-chain flows suggest long-term buyers are quietly accumulating supply.
$315 Million ETF Exodus in 48 Hours
Ethereum exchange-traded funds (ETFs) recorded significant capital outflows between September 24 and 25.
- September 24: $79.4 million in redemptions
- September 25: $251.2 million …
Read The Full Article Ethereum Below $4,000 as BlackRock Trims Holdings and ETF Outflows Accelerate On Coin Edition.
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Can Ethereum Bounce Above $4,841 or Slide Toward $3,000?
Ethereum Below $4,000 as BlackRock Trims Holdings and ETF Outflows Accelerate
- BlackRock sold Ethereum for the second time in a week, pushing ETH below the $4,000 mark.
- Ethereum ETFs saw over $351 million in net outflows in two days this week.
- More than 420,000 ETH have been withdrawn from exchanges, signaling strong long-term accumulation.
Ethereum is going through a tense market environment after back-to-back days of heavy institutional outflows and a sharp dip below $4,000. BlackRock sold ETH for the second time in seven days, while exchange-traded funds shed more than $315 million in just two sessions.
Short-term sentiment turned defensive, but on-chain flows suggest long-term buyers are quietly accumulating supply.
$315 Million ETF Exodus in 48 Hours
Ethereum exchange-traded funds (ETFs) recorded significant capital outflows between September 24 and 25.
- September 24: $79.4 million in redemptions
- September 25: $251.2 million …
Read The Full Article Ethereum Below $4,000 as BlackRock Trims Holdings and ETF Outflows Accelerate On Coin Edition.
Read More