BlackRock just sold $20 million of this cryptocurrency
BlackRock (NYSE: BLK), the world’s largest asset manager, has sold a significant amount of Ethereum (ETH), marking a notable change from its recent pattern of steady buying. Specifically, on June 20, BlackRock’s spot Ethereum ETF (ETHA) saw an outflow of $19.7 million, the first after 30 days of continuous inflows. This was also the biggest single-day outflow among all Ethereum ETFs, leading to a net market outflow of $11.3 million. Grayscale helped to balance this with an inflow of $6.6 million. 6/20 BlackRock ETH ETF $ETHA net flow -8,140 ETH ($-19.71 million) (FIRST OUTFLOW IN LAST 30 TRADING DAYS, SINCE MAY 7TH) Volume traded: $0.4 billion https://t.co/MS4ZPOhPR1 pic.twitter.com/S5t8q3k7lI — Trader T (@thepfund) June 21, 2025 Despite this drop, BlackRock still leads the Ethereum ETF market, with over $5.2 billion in total inflows since the fund launched. This recent action contrasts with ETHA’s earlier strong performance, which in...