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Ethereum institutional demand Flash News List | Blockchain.News
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List of Flash News about Ethereum institutional demand

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2025-05-31
05:43
BlackRock Records Largest Bitcoin Outflow of $430M While Investing $70M in Ethereum: Key Trading Insights for Crypto Investors

According to @cryptojelleNL on Twitter, BlackRock experienced its largest-ever Bitcoin ETF outflow, selling approximately $430.83 million worth of BTC on June 17, 2024 (source: @cryptojelleNL, 2024-06-18). Despite this significant sell-off, BlackRock simultaneously acquired nearly $70 million worth of Ethereum, indicating a notable shift in institutional demand from Bitcoin to Ethereum. This move suggests evolving sentiment among major asset managers, potentially impacting short-term BTC support and signaling possible upside momentum for ETH. Traders should monitor Bitcoin's support levels and Ethereum's potential for increased institutional inflows.

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