BlackRock Hints at a Big Sell-Off As $27B In Crypto Options Expire
In a recent crypto news, the world’s largest asset manager, BlackRock, has hinted at another big sell-off after transferring Bitcoin and Ethereum to the crypto exchange Coinbase. This development comes just as over $27 billion in crypto options expire, with the market already witnessing another downtrend today.
Crypto News: BlackRock Deposits Bitcoin and Ethereum Into Coinbase
Arkham data shows the asset manager deposited 1,044 BTC ($91.9 million) and 7,557 ETH ($22.41 million) into Coinbase, likely to offload these coins. This comes as the crypto ETFs continue to record significant outflows.
CoinGape reported earlier this week that BlackRock deposited 2,292 BTC and 9,976 ETH, worth over $200 million, into Coinbase following the $198…
