The post says BlackRock has sold Ethereum for seven straight trading days and last bought ETH on June 16, pointing to sustained spot crypto ETF portfolio outflows.
BlackRock's ETF sold $300.4 million worth of Bitcoin, while Ethereum selling has continued for seven consecutive trading days, according to the post. It also says BlackRock last bought ETH on June 16, two weeks ago. The pattern suggests ongoing outflows from spot crypto investment products, where managers buy or sell underlying tokens to reflect investor demand.