BlackRock’s iShares Ethereum ETF is poised to overtake Coinbase as the world’s second-largest Ether custodian, holding 3.6 million ETH, just 200,000 behind. Binance leads with 4.7 million ETH, while Coinbase’s reserves have dropped to 3.8 million ETH. BlackRock’s rapid accumulation signals a shift towards regulated ETFs in crypto markets.

IBIT’s Bitcoin holdings have reached 745,357 BTC, surpassing Coinbase and Binance. Data shows decreasing BTC and ETH inflows on exchanges, indicating reduced selling pressure. Meanwhile, Ether ETFs have seen over $1.5 billion in net inflows, with BTC ETFs experiencing outflows followed by recent buying pressure. Falling exchange inflows and ETF accumulation suggest tightening supply for BTC and ETH, setting the stage for bullish momentum.

Read more at Cointelegraph: BlackRock BTC ETF Balance Tops Coinbase, Is ETH Next?