BlackRock is Buying BTC and ETH While Grayscale is Selling; What’s Next?

Onchain analyses suggest BlackRock could be buying more Bitcoin and Ethereum for its exchange-traded funds (ETFs), while Grayscale, another ETF manager, could be selling theirs. These diverging signals often show up in times of high volatility and price consolidation, as market participants place their bets on different outcomes, but can also appear in capital rotation from one product to another. In particular, Lookonchain spotted the most recent activity and reported it in a post on Oct. 23. According t ...