BlackRock, the world’s leading investment firm, is reportedly reducing its holdings in Bitcoin and Ethereum. This decision comes after investors withdrew funds from the company’s cryptocurrency exchange-traded funds (ETFs), sparking a wave of profit-taking.
BlackRock Adjusts Bitcoin and Ethereum Holdings
According to data provided by Arkham Intelligence, the asset management giant has transferred a substantial amount of cryptocurrency, specifically 1,885 BTC (valued at $111.66 million) and 59,606 ETH (valued at $254.43 million), to Coinbase Prime earlier today. Such transfers to major digital asset exchanges are typically seen as an indication that the company intends to sell these assets.
This movement of assets to Coinbase Prime aligns with the recent outflows experienced by BlackRock’s Bitcoin and Ethereum ETFs on August 20th. Data from SoSo Value indicates that the iShares Bitcoin ETF experienced investor withdrawals totaling $220 million on that day. Concurrently, the iShares Ethereum ETF saw $257.78 million leave the fund.
BlackRock was among four Bitcoin ETF issuers registering fund outflows on that particular day. Other entities experiencing similar trends include Ark Invest, Grayscale, and Fidelity, reporting outflows of $75.74 million, $8.98 million, and $7.46 million, respectively. Collectively, these outflows contributed to a net reduction of $311.57 million across all these Bitcoin ETFs.
Interestingly, BlackRock’s Ethereum ETF was the only ETH fund to report net outflows during the specified timeframe. In contrast, Grayscale and Fidelity noted net inflows of $9 million and $8.64 million, respectively. Despite these inflows, they weren’t sufficient to offset the overall negative trend, as ETH ETFs collectively experienced a daily net outflow of $240.14 million.
Crypto ETFs Experience Continuous Outflows
BlackRock, along with other issuers of cryptocurrency ETFs, are currently facing a sustained period of net outflows from their funds. Bitcoin ETFs, for example, have now recorded four consecutive days of outflows, beginning on August 15th. During this timeframe, a total of $970.82 million has been withdrawn from these funds.
These ongoing withdrawals are compelling asset managers to sell off Bitcoin to meet investor redemption requests. As previously reported by CoinGape, both Ark Invest and BlackRock collectively sold over 1,000 BTC earlier in the week due to the outflows from their corresponding funds.
Similarly, BlackRock’s Ethereum ETF and other ETH-based funds have been subject to four consecutive days of outflows. A cumulative total of $925.83 million has been removed from these funds during this period. Notably, on August 19th, these funds registered a daily net outflow of $429.73 million, marking one of the largest single-day outflows since their initial launch last year.
These outflows from crypto ETFs appear to have contributed to a more cautious outlook within the broader cryptocurrency market. Both Bitcoin and Ethereum prices are currently undergoing a notable correction. Data from TradingView reveals that Bitcoin’s price has fallen by over 8% in the past week, following its recent surge to a new all-time high (ATH) of $124,000.
Ethereum’s price has similarly declined, experiencing a drop of over 10% within the last seven days. The price of ETH has decreased from a high of approximately $4,700 in 2025 to a low of around $4,100 during this period.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand.
Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing.
Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
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