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google news | BlackRock crypto funds see $2.2B outflows in ten days
AI generated summary, Read the full article for complete information.
BlackRock has reported $2.24 billion in outflows from its cryptocurrency funds over the past ten days, withdrawing roughly 30,119 BTC (about $1.92 billion) and 161,829 ETH (about $320 million). This sizable pull‑out signals a shift in institutional sentiment, reducing demand for the two assets and prompting market participants to lower their price expectations: the odds of Bitcoin reaching $84 k by June 7 and $90 k later in the month have fallen, while forecasts for Ethereum hitting $2.5 k in June have also been downgraded. Analysts suggest monitoring further institutional activity, regulatory or geopolitical developments, and any liquidity changes on major exchanges as potential drivers of future price movements.
Read more: https://cryptobriefing.com/blackrock-crypto-funds-see-22b-outflows-in-ten-days/
#BlackRock #Bitcoin #Ethereum #cryptoETF #majorexchanges
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