BlackRock’s Ether exchange-traded fund offloads $101,795 ETH

Description

BlackRock iShares Ethereum Trust on Monday offloaded 101,975 ETH worth roughly $375M. It’s the largest single-day outflow since the fund’s debut, wiping out approximately 3% of its crypto holdings. Despite the record outflows, ETHA still added ETH to its holdings worth around $9.3 billion. The firm now has a total of $10.7 billion in net assets. On-chain data from SosoValue showed that the trading volume for the ETF reached $1.92 billion as of August 4. The company’s ETH outflow added to the tot...