BlackRock Moves 4,044 BTC and 80,121 ETH — No New Buying Detected

Published at 2025-11-29 09:15:11

BlackRock moved 4,044 BTC and 80,121 ETH as ETF vehicles reported $354 million in BTC and $235 million in ETH withdrawn, a clear sign that capital is flowing out of these products rather than into them. The combination of large token transfers and significant redemption figures interrupts the prior narrative of steady ETF-driven inflows and raises questions about immediate institutional demand.

The developments matter because persistent outflows can increase selling pressure and challenge recent support levels for BTC and ETH, though on-chain movements alone don't prove outright sales — they could reflect custody changes or internal adjustments. Market participants will be monitoring redemption trends, liquidity, and price action closely; if redemptions continue, it could dampen the institutional tailwind that helped crypto markets earlier in the year.

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