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BlackRock Clients Unload $53M in Ethereum via Institutional ETF

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ETH
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BlackRock clients have sold approximately $52.76 million worth of Ethereum through the iShares Ethereum Trust, an institutional exposure spot ETF.

This sale indicates a significant outflow from a major institutional holder, which could influence market sentiment and Ethereum's price dynamics.

Despite this, current market predictions show low odds of Ethereum dropping to $1,300 in July, suggesting limited immediate impact.

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