BlackRock sat out of trading this crypto as markets cratered on Monday

As the cryptocurrency market came under heavy selling pressure, with Bitcoin ( BTC ) at risk of losing the $110,000 support level, BlackRock , the world’s largest asset manager, took a cautious ￰0￱ shows that the company recorded no transactions for its Bitcoin exchange-traded fund ( ETF ). Specifically, on September 22, BlackRock’s iShares Bitcoin Trust (IBIT) reported zero net inflows or ￰1￱ a day when most issuers faced significant redemptions, the absence of activity from such a major player stood ￰2￱ Bitcoin spot ETF net inflow.) ￰3￱ firm’s Ethereum ETF (ETHA) saw $15.10 million in redemptions, contributing to a broader $76 million net outflow from Ethereum spot ETFs.

Fidelity’s FETH led with $33.10 million in withdrawals, followed by Bitwise’s ETHW at $22.30 million and Grayscale’s ETH fund at $5.50 million. VanEck, Franklin, and Invesco recorded no net ￰4￱ massive outflows in both Bitcoin and Ethereum contributed to a wider market ￰5￱ fell below $113,000, while Ethereum and XRP also shed significant value overnight. Overall, the total cryptocurrency market capitalization dropped below $4 trillion, closing around $3.9 ￰6￱ image via Shutterstock