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>>BlackRock sells over $170 million worth of the two cryptocurrencies in a single day.

BlackRock sells over $170 million worth of the two cryptocurrencies in a single day.

crypthub

5/13/2026, 2:00:19 PM

BlackRock's Crypto Sell‑off

On May 13 BlackRock moved 861 BTC and 44,691 ETH to Coinbase Prime, worth about $69.6 million and $103.2 million respectively. The combined $172.7 million transfer signals a rapid institutional retreat from crypto. On‑chain data from Arkham Intelligence confirms the dump.

Effect on iShares Trusts

The iShares Bitcoin Trust (IBIT) logged five straight days of net outflows, totaling $235.2 million and cutting assets to $66.27 billion. Its sister product, the iShares Ethereum Trust (ETHA), saw a single‑day withdrawal of over $102 million, leaving $7.17 billion under management. SoSoValue reports these flows as the lowest demand in recent weeks.

Market Implications

After a strong April rally that lifted Bitcoin 12 percent, the price has stalled near $82 000 and slipped about 2 percent to $80 210. Heavy short positions and the bearish IBIT sentiment are dampening further gains. Since Ethereum has moved in step with Bitcoin this year, renewed demand from BlackRock could spark a modest rebound, while continued outflows may deepen the downturn.

BlackRock sells over $170 million worth of the two cryptocurrencies in a single day.

BlackRock's Crypto Sell‑off

Effect on iShares Trusts

Market Implications

BlackRock sells over $170 million worth of the two cryptocurrencies in a single day.