Hupzy (Spot On Chain)|Jun 30, 2026 00:14
BlackRock has sold ETH for ๐ณ ๐ฐ๐ผ๐ป๐๐ฒ๐ฐ๐๐๐ถ๐๐ฒ ๐๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ฑ๐ฎ๐๐, with its last ETH purchase on ๐๐๐ป๐ฒ ๐ญ๐ฒ โ two weeks without a single buy from the world's largest asset manager.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: This is a structural sell-pressure signal for ETH. The selling likely reflects ETF redemption flows rather than a directional call by BlackRock, but the market impact is the same โ sustained outflows from the largest institutional holder. The contrast with BitMine's accumulation toward 5% of ETH supply is striking: one giant loading up while another offloads.
For ETH traders, the key question is whether this streak breaks this week. A resumption of buying could mark a near-term floor; continued selling into a second week means persistent headwinds. Verify on-chain: https://arkm.com/explorer/entity/blackrock
source: arkham
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