BlackRock clients sell $80.2M in Ether
Key Takeaways
- BlackRock clients sold $80.2 million worth of Ether on Oct. 10, indicating significant outflows from its spot Ethereum ETFs.
- Ethereum ETFs have experienced both inflows and outflows, with institutions actively rebalancing portfolios.
BlackRock clients sold $80.2 million worth of Ether today, marking significant outflow activity from the asset management firm’s spot Ethereum ETF products.
Ethereum ETFs have facilitated active trading adjustments as institutions respond to market volatility. The selling activity underscores how traditional finance players are using these products to manage exposure to the blockchain network that supports decentralized finance and layer-2 scaling solutions.
Despite periodic sell-offs, institutional players like BlackRock continue to provide Ethereum exposure for clients, highlighting the growing mainstream integration of blockchain assets in traditional finance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Local Infrastructure and Property Development in Webster, NY: The Role of Municipal Funding and Targeted Revitalization in Driving Sustainable Expansion and
- Webster , NY, transformed a 300-acre brownfield into a high-tech industrial hub using a $9.8M FAST NY grant, attracting $650M private investment and 250 jobs. - Infrastructure upgrades, including road realignments and sewer systems, made the NEAT site "shovel-ready," boosting residential property values by 10.1%. - Municipal projects like the Webster Economic Access Program enhanced connectivity, turning underutilized land into a magnet for logistics firms and developers. - The phased development model,
Opportunities Arising from Redeveloping Post-Industrial Land: An Analysis of Webster, NY
- Webster , NY, transformed the former Xerox campus into a thriving economic hub via infrastructure upgrades and municipal reorganization. - Reclassifying the site as a "bluefield" resolved environmental issues, enabling mixed-use development and attracting investors. - The $650M fairlife® dairy plant, supported by tax incentives, is projected to create 250 jobs and boost property values by 10.1% annually. - State grants and BOA incentives streamlined permitting and reduced risks for large-scale industrial
Bitcoin cash holds above $500 as whales accumulate; analysts eye potential rally
Amundi, Europe’s biggest asset manager, tokenises money market fund on Ethereum
Trending news
MoreCrypto prices
More
