BlackRock dumped $370 million of these cryptocurrencies in 2 days

BlackRock , the world’s largest investment asset manager, has offloaded over $350 million in cryptocurrency in two days, deepening pressure on an already fragile market that has slid sharply this week. On-chain data indicates that between November 3 and November 4, the firm offloaded a combined $379.3 million worth of Bitcoin ( BTC ) and Ethereum ( ETH ). The outflows stem from both the asset manager’s spot Bitcoin and Ethereum ETFs, with roughly $186.5 million exiting its Bitcoin fund and another $192.8 million being pulled from its Ethereum product since the start of the ￰0￱ and Ethereum ETF net inflows.