Finbold
2026-07-04 09:41:07

BlackRock offloaded $1.2 billion of these cryptocurrencies in a week

BlackRock recorded more than $1.2 billion in net cryptocurrency ETF outflows over the five trading days ending July 2, with the vast majority of the withdrawals coming from its Bitcoin ( BTC ) fund. Data from spot Bitcoin and Ethereum ( ETH ) ETF flows shows that BlackRock’s iShares Bitcoin Trust (IBIT) experienced cumulative outflows of approximately $1.22 billion between June 26 and July 2. The selling pressure was concentrated in Bitcoin, with IBIT posting daily outflows of $444.5 million, $300.4 million, $212.4 million, $219.4 million, and $40.4 million across the five sessions. Bitcoin ETF flow chart. Source: CoinGlass Ethereum-related products were comparatively resilient. In contrast, BlackRock’s Ethereum ETFs, ETHA and ETHB, recorded a combined net outflow of just $7.4 million over the same period. Ethereum ETF flow chart. Source: CoinGlass While ETHA attracted fresh capital on several trading days, those gains were partially offset by withdrawals from ETHB, leaving overall Ethereum exposure largely unchanged. Combined, BlackRock’s Bitcoin and Ethereum ETFs registered net outflows of roughly $1.225 billion during the week, with Bitcoin accounting for more than 99% of the total. ETF market weakens The withdrawals came amid a broader downturn in the U.S. spot Bitcoin ETF market . Industry-wide data shows Bitcoin ETFs suffered heavy redemptions throughout the week, recording net outflows on four of the five trading days. Although the market rebounded with a $223.5 million inflow on July 2, it was not enough to offset the sharp withdrawals seen earlier in the period. Meanwhile, Ethereum ETFs painted a more mixed picture. After several days of losses, the sector began attracting capital again at the start of July. The market posted net inflows of $14.8 million on July 1 and $29 million on July 2, ending a prolonged outflow streak and suggesting institutional demand for Ethereum remained more stable than for Bitcoin. BlackRock’s ETHA was the primary driver of those inflows. The broader cryptocurrency ETF landscape has been under pressure as digital asset prices weakened and investor sentiment deteriorated. Analysts have linked the trend to sustained ETF redemptions, softer institutional demand, and a shift in investor attention toward other high-growth sectors, such as artificial intelligence. Despite the recent selling, BlackRock remains the dominant force in the U.S. crypto ETF market, with both IBIT and ETHA ranking among the largest investment vehicles offering exposure to Bitcoin and Ethereum. The post BlackRock offloaded $1.2 billion of these cryptocurrencies in a week appeared first on Finbold .

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