BlackRock Liquidates $300M in Ethereum, Fueling Market Uncertainty

Investment giant BlackRock has shed over $300 million worth of Ethereum holdings this week, raising concerns about a potential sell-off in the cryptocurrency market. The company’s iShares Ethereum Trust saw substantial outflows, contributing to an already jittery investor environment. This action sparked speculation about broader crypto market volatility as Bitcoin capital shifted towards BlackRock’s investment strategy.