Investors fear BlackRock will dump these two cryptocurrencies

BlackRock , the world’s largest asset manager, deposited approximately 2,043 Bitcoin ( BTC ) and 22,681 Ethereum ( ETH ) into Coinbase on Tuesday, November ￰0￱ transfer was worth $213 million in Bitcoin and $80 million in Ethereum, or $293 million in total, according to data Finbold reviewed on Arkham ￰1￱ of the time of writing, BlackRock holds $97 billion in crypto, of which 86% are in BTC and around 14% in ￰2￱ transfers.) launch in ￰3￱ Bitcoin ETF in Australia The recent transactions to Coinbase coincide with the fund’s newly announced plans to launch the iShares Bitcoin ETF ( IBIT ) on the Australian Securities Exchange (ASX) in ￰4￱ the new listing, Australia will join the United States, Germany, and Switzerland as a country that allows active spot Bitcoin ￰5￱ week, the Australian Securities and Investments Commission (ASIC) reclassified most digital assets, including stablecoins, as financial ￰6￱ “digital gold” does not count as a financial product per se, products that include it can be considered as such, as per the new guidance.

Accordingly, the debut is expected to solidify the country’s status as a center for regulated crypto investment products in the ￰7￱ and Ethereum price action At press time, both Bitcoin and Ethereum were in the red on the daily chart, the former dropping 3.31% and the latter 4.75%. BTC and ETH 24-hour price.) had dropped 6.5%. What’s more, $1.27 billion in leveraged futures across cryptocurrencies were wiped out, while BTC struggles as the Fear & Greed Index drops to 27, deep in the “Fear” ￰8￱ image via Shutterstock