Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Today, there has been a noticeable bloodletting phenomenon in the crypto ETF over in the United States.



First, let's look at BTC: A total of 7341 Bitcoins were withdrawn today from 10 Bitcoin ETFs. Among them, BlackRock's IBIT performed the fastest, taking away 4108 coins, and they still have 779,000 BTC in hand.

Speaking of ETH: 9 Ethereum ETFs are even more aggressive, with a total withdrawal of 84,435 tokens. Similarly, BlackRock's ETHA leads the way, with a single-day outflow of 43,237 tokens, bringing the holdings down to around 3.6 million ETH.

The signal of institutional capital outflow is already very obvious, and market sentiment is indeed under continued pressure. Given the current situation, it may need to continue to digest the selling pressure in the short term.
BTC-0.31%
ETH-0.64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
ShitcoinArbitrageurvip
· 7h ago
Black swan strikes again, is BlackRock making an exit? --- Institutions are really starting to pull out, while we retail investors are still buying in. --- Just bought the dip and now it's plunging again, this feeling is unreal. --- ETH outflows are only 84k and it's already this bad, is there any hope left... --- How can selling pressure be absorbed like this, it feels like it's just starting. --- BlackRock is moving so fast, must mean a major event is brewing. --- Looks like I'll be stuck holding the bag again, so annoying. --- Institutions exit, retail enters, this trick is getting old.
View OriginalReply0
ExpectationFarmervip
· 7h ago
Is BlackRock planning a Rug Pull? The withdrawals are so fierce... When institutional funds pull out, what can retail investors do? They can only eat dust. Wait, 84k ETH went out in one day? Who can withstand this pressure... In the short term, this market is really frustrating, but if we want to put it nicely, we can call it a "digestion period" haha. Oh my, looking at this data reminds me of the rhythm before the last big dump...
View OriginalReply0
LightningClickervip
· 7h ago
The black swan is knocking again, is BlackRock harvesting suckers or cutting themselves? Institutions have run away, and retail investors are still here catching a falling knife... This is terrible, in the short term, it seems we have to continue to dip. Large investors are withdrawing so ruthlessly, hasn't the bottom been reached yet? Again, it's BlackRock leading the way out, and other ETFs shouldn't expect to survive. With such heavy selling pressure, I feel like my holdings are going to shrink again. At this pace, isn't it time to start dumping? Wait a bit to get on board, what you're catching now are all knives.
View OriginalReply0
CexIsBadvip
· 8h ago
BlackRock's recent moves are indeed ruthless, IBIT and ETHA have directly Rug Pulled, seems like institutions have seen through everything long ago. The black swan may really be coming, this rhythm feels off. Wait a minute, why is this data so fierce, a single day outflow of 43,237 ETH? There's a mole. Institutions are always ruthless when it comes to playing people for suckers, we retail investors should run faster. It seems like we need a few more falls to hit the bottom, catching a falling knife now really takes courage. BlackRock has so many coins in hand and is still selling, how long will this selling last? Ridiculous.
View OriginalReply0
AirdropDreamBreakervip
· 8h ago
The black swan is back, is BlackRock selling off? Honestly, looking at this data makes me a bit tired... Institutions are doing a Rug Pull, retail investors are the stepping stones? Classic routine ETH is really ruthless, over 40,000 coins gone in a day The short-term pressure is indeed unbearable Is BlackRock trying to dump or what? It feels like it's about to break... Should we start to buy the dip again or is it going to continue to fall? Hard to say How long can this selling pressure be digested?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)