Onchain Lens monitoring shows that addresses related to BlackRock have cumulatively purchased and transferred out 2,802.904 BTC and 6,580 ETH into ETF wallets, with a total value of approximately $240 million. Of this, the BTC portion is approximately $223.41 million and the ETH portion is approximately $16.57 million. The transfers involve the ETF wallets corresponding to IBIT, ETHA, and ETHB.
A single on-chain transfer may be observed as a funding replenishment action for spot ETFs tracking the institution’s funds, but it does not directly equate to new subscriptions or trend-driven buying.
For market observation only and does not constitute investment advice.
#BTC #ETH #ETF
A single on-chain transfer may be observed as a funding replenishment action for spot ETFs tracking the institution’s funds, but it does not directly equate to new subscriptions or trend-driven buying.
For market observation only and does not constitute investment advice.
#BTC #ETH #ETF