BlackRock dumps over $600M of these two cryptocurrencies in a day

Institutional outflows, which are among the primary causes of the ongoing cryptocurrency market sell-off, continued on Monday, February 2, with BlackRock in particular reducing its exposure to Bitcoin (BTC) and Ethereum (ETH) by more than $600 million. The world’s largest asset manager sold 6,306 BTC, worth around $496.41 million, and 58,327 ETH, valued at around $138.23 million, the day before, per data retrieved by Finbold from Lookonchain on Tuesday, February 3 source: https://finbold.com/blackrock-dumps-over-600m-of-these-two-cryptocurrencies-in-a-day/