On Tuesday, a rumour spread on social media that BlackRock had sold about $310 million worth of ether. This led to quick reactions about what it might mean for the crypto markets.
There was no proof of the transaction in the post, and BlackRock did not confirm that a transaction of that size took place. The report is still unverified because there has been no official disclosure or regulatory filing.
The post made it sound like a big sale of ETH, which led people to guess that the selling pressure came from client accounts or exchange-traded funds.
As of this writing, neither BlackRock nor its iShares division had responded to the claim.
Daily ETF flow reports and fund fact sheets usually get updated after the market closes, so people can talk about things before the data comes out.
In the last few weeks, crypto has been affected by policy and liquidity news, such as an earlier SEC move that caused several crypto ETF tickers to drop.
At the same time, traditional finance has moved more into digital assets, like when Nasdaq doubles down on crypto or when Gemini goes public on Nasdaq.
During times of volatility, flows have switched back and forth between bitcoin and ether, and traders have been quick to act on any sign of a change in mood.
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If a $310 million sale happened, it would be a big deal compared to the usual daily trading volume in crypto ETFs and could make short-term price changes even bigger.
By itself, it wouldn’t settle the longer debate about whether institutions are increasing or decreasing their structural exposure to ETH.
Recent activity has sent mixed signals, with wallet trackers showing that major players are accumulating and balance sheets being moved around, like when Tether quietly buys 8888 bitcoin during market stress.
Fund sponsors post new and old holdings every day, but custodians update their holdings with a delay.
Not viral posts, but those documents will show if BlackRock’s ether exposure changed in a meaningful way and if any change is due to client flows, internal rebalancing, or routine market making.
