BlackRock’s Ethereum fund sheds 580K ETH as monthly exits mount

BlackRock recorded outflows of 580,145 ETH worth about $1.32 billion over the past month, according to Lookonchain’s Nov. 2 update, as withdrawals continued from its Ethereum investment product. BlackRock’s monthly Ether outflows reached 580,145 ETH, valued at approximately $1.32 billion, according to Lookonchain. ETHA accounted for nearly 77% of daily Ether withdrawals in the analytics firm’s latest snapshot. Fidelity attracted 27,067 ETH over seven days, partially offsetting withdrawals from competing Ethereum funds. Farside’s October figures show BlackRock’s ETHA lost approximately $1.42 billion across the calendar month.

Source: crypto.news