X @Arkham

Crypto Market Dynamics - BlackRock's ETF acquisitions of crypto assets are interpreted by some as "BlackRock is buying," which can be controversial [1] - The report highlights the common sentiment of "Not your keys, not your coins" regarding ownership in the crypto space [1] - BlackRock's ETF holdings of stocks mean BlackRock, not individual investors, is the shareholder [1] - BlackRock purchased $375 million of ETH this week [1] - BlackRock currently holds 246% of the ETH supply, worth $1132 billion [1] - The report emphasizes that BlackRock is the largest asset manager in the world and is buying ETH [1]