BlackRock has been seeing continuous ETH outflows over the past month, totaling 580,145 ETH ($1.32B)
On-chain tracking by Lookonchain shows BlackRock-linked addresses have had continuous ETH outflows over the past month, totaling 580,145 ETH worth about $1.32 billion. A sustained withdrawal of this size from a major asset manager's holdings is a notable signal of institutional selling pressure for Ethereum traders to watch.