"Despite the decline in Bitcoin, large transfers from BlackRock"

The decline in the price of Bitcoin (BTC) continues to cause fluctuations in the cryptocurrency market. Meanwhile, BlackRock’s significant transfers have caught the attention of investors. According to data from on-chain analysis platform Lookonchain, hundreds of millions of dollars worth of outflows have been observed from BlackRock’s managed spot Bitcoin and Ethereum ETFs in recent hours.

The company transferred 3,496 Bitcoin (approximately 384 million dollars) and 31,754 Ethereum (approximately 122 million dollars) to its Coinbase Prime account, representing the assets that left the ETFs. Experts indicate that this transfer represents not BlackRock’s own portfolio sales, but rather the selling pressure resulting from ETF investors exiting the funds.

In such outflows, fund managers move spot assets to exchanges to meet investor demands and manage the sale process. The recent decline in Bitcoin prices, falling below 110 thousand dollars, has created a cautious atmosphere among institutional investors. This situation has increased investors’ risk perception, exerting pressure on the market.

At the same time, limited outflows have been observed from other major ETF issuers alongside BlackRock. Confidence in digital assets like Bitcoin and Ethereum still persists among cryptocurrency investors, but the uncertainties in the markets are being closely monitored.

It is crucial for investors to closely follow the market movements of BlackRock and other institutional players. Understanding the reasons behind the dynamic changes in the cryptocurrency markets will play a critical role in shaping investment decisions.