BlackRock, Fidelity, Grayscale Lead Ethereum Sell-Off as Whales Exit

On-chain data shows that major Ethereum ETFs and whales dumped significant amounts of ETH on Tuesday, intensifying market uncertainty.

BlackRock, Fidelity, and Grayscale offloaded holdings, while three whales collectively sold 34,500 ETH worth $148 million across Coinbase and Binance.Despite the sell-off, institutional buyers stepped in. BitMine Immersion purchased 52,475 ETH, and SharpLink Gaming added 143,593 ETH, bringing their combined weekly acquisitions to more than 516,000 ETH valued at $2.2 billion. ETH traded at $4,324 at the time of writing, up 4% in the last 24 hours.

Clever Robot News Desk 22^th August 2025