Home
News
Details

BlackRock Deposits 47K ETH Amid $221M ETF Outflow as Institutional Confidence in Ethereum Grows

iconAMBCrypto
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
ETH
$2,992.530.33%
Ethereum news broke on December 16 as BlackRock deposited 47,463 ETH ($140 million) into Coinbase Prime. This came as the firm’s iShares Ethereum Trust (ETHA) saw a $221.3 million outflow, nearly all US Ethereum ETF redemptions that day. ETH price remains under pressure amid heavy liquidations. BitMine Immersion now holds nearly 4 million ETH, surpassing BlackRock’s treasury stash.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.