Did BlackRock just dump nearly $400 million of these two cryptos?

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On Wednesday, December 17, BlackRock deposited 74,973 Ethereum (ETH), worth $220 million and 2,405 Bitcoin (BTC), valued at around $211 million, to Coinbase Prime.

According to Lookonchain data posted earlier today, BlackRock has so far lost 98,250 ETH this week with today’s deposits, while its Bitcoin net changes are still positive (1,066 BTC in the green).

BlackRock crypto ETF flows. Source: Lookonchain

As such, BlackRock is the only Bitcoin ETFs with a positive weekly net change, while at the same time being the one with the largest Ethereum outflows, accounting for approximately 75% of the total 133,130 ETH dump.

The recent moves came just one day after the fund moved $200 million worth of the two cryptocurrencies to the same exchange.

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