VanEck's ETF wallets sold $10.76M in BTC and ETH via Gemini.
Macro & Markets ·
VanEck's ETF wallets conducted a sale of approximately $10.76M in cryptocurrency assets through Gemini, including 45.41 BTC valued near $3.84M and 2.57K ETH valued near $6.91M. The transaction represents a notable outflow of digital assets from the investment firm's holdings.
The sale was traced on-chain and documented within VanEck's transaction history, providing visibility into the firm's portfolio movements. Such large transfers through a major exchange can signal shifts in asset allocation or rebalancing activity.
The specific timing, broader context for the sale, and whether this represents a one-time adjustment or part of a larger strategy remain unclear from available information.