BlackRock Sparks Panic: $664M in Bitcoin and Ethereum Moved as ETF Outflows Surge

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Blockchain trackers highlighted significant movements of digital assets from BlackRock’s wallets on August 5. The firm transferred 2,544 Bitcoin and 101,975 Ethereum to Coinbase Prime.

At the time, these assets were valued at approximately $292 million in Bitcoin and $372 million in Ethereum, sparking speculation about BlackRock Bitcoin strategy.

Key Developments Behind the Bitcoin Transfer

The Bitcoin and Ethereum were moved in batches of 300 BTC and 10,000 ETH. Arkham Intelligence provided the on-chain data, confirming these movements.

The transfers coincide with increasing outflows from BlackRock Bitcoin and Ethereum ETFs. This trend is raising questions about BlackRock future plans for its crypto assets.

While BlackRock has not confirmed any intentions to sell, transferring these assets to Coinbase Prime is often seen as a move toward liquidation. Historically, transferring assets from cold storage to an exchange signals that the firm may be preparing to sell off some of its holdings.

BlackRock ETF Outflows

BlackRock Bitcoin ETF, the iShares Bitcoin Trust (IBIT), saw an outflow of $292 million worth of Bitcoin. Similarly, BlackRock’s Ethereum ETF, the iShares Ethereum Trust (ETHA), faced an even larger outflow of $375 million. These outflows have added pressure to both the Bitcoin and Ethereum ETF markets, which have been struggling in recent days.

The Impact of Bitcoin and Ethereum ETF Outflows

The outflows from Bitcoin and Ethereum ETFs have contributed to the decline in market performance. On August 4, Bitcoin ETFs recorded $333.19 million in outflows, with BlackRock’s IBIT accounting for the majority.

Ethereum ETFs also saw $465 million in outflows, with BlackRock’s ETHA contributing $394 million. This has put downward pressure on both Bitcoin and Ethereum prices.

Bitcoin and Ethereum Price Decline

Both Bitcoin and Ethereum have lost a lot of values in the last few days. On August 6, the Bitcoin price stood at a little above $114,000, a 3.4% decrease in the last week. Ethereum has dipped as well, and is trading at approximately $3,629, which is a 4.51% fall.

This negative movement belongs to a more general declining trend in the cryptocurrency market because the overall market capitalization decreased by 5.3% relative to its maximum level that was reached at the beginning of this year.

Month	Min. Price	Avg. Price	Max. Price	Potential ROI
Aug 2025	$ 109,227	$ 112,612	$ 114,681	0.61%
Sep 2025	$ 111,169	$ 112,501	$ 113,241	0.65%
Oct 2025	$ 109,139	$ 110,750	$ 111,974	1.77%
Nov 2025	$ 107,991	$ 109,344	$ 111,327	2.33%
Dec 2025	$ 110,516	$ 111,094	$ 111,674	2.03%

It is a pullback in the wider cryptocurrency market. BlackRock, along with other institutional investors, seems to be cashing in as the price of Bitcoin and Ethereum goes down.

These are the moves that have caused the outflows of BlackRock Bitcoin and Ethereum ETFs, contributing to the already existing fears in the market in terms of the future of the crypto space.

BlackRock’s Continued Dominance in Crypto Holdings

Despite these transfers, BlackRock remains one of the largest holders of both Bitcoin and Ethereum. The firm still holds over 741,000 BTC, valued at around $84.5 billion, and 3 million ETH, worth approximately $11 billion. These holdings make BlackRock a dominant force in the crypto market, even amid the recent downturn.

Future of BlackRock’s Crypto Strategy

The recent Bitcoin transfer has led to questions about BlackRock’s long-term strategy with cryptocurrency. While it could be a short-term rebalancing, some experts believe that BlackRock may be reducing its exposure to crypto assets due to the market’s volatility.

Conclusion

The cryptocurrency market has been concerned about the flow of Bitcoins and ETF outflows by BlackRock. The fact that the firm has not made any statements regarding its intentions automatically makes the move of Bitcoin and Ethereum to Coinbase Prime an event that can be interpreted as a move to liquidate.

The activities of BlackRock, in its turn, still affect the crypto market, and the market is liable to keep a close eye on its future actions. Regardless of its present collapse, BlackRock is influential, which will determine the fate of Bitcoin and Ethereum investments in the future.

Also read Bitcoin’s New Warning Sign: What Does Binance’s $56 Million Whale Activity Mean?

Summary

The movement of 2,544 Bitcoin and 101,975 Ethereum to Coinbase Prime by BlackRock has attracted speculation over the firm crypto strategy. And with these accounts worth a Bitcoin equivalent of about $292 million and an Ethereum estimate of around $372 million.

The decision goes in line with huge redemptions of BlackRock Bitcoin and Ethereum ETFs. The transfer comes as the firm has not announced plans to push towards liquidation, but this may spell an upcoming change of approach. In spite of this, BlackRock is also among the institutional owners of Bitcoin and Ethereum in the world.

Frequently Asked Questions (FAQs)

1- Why did BlackRock Bitcoin and Ethereum happen?

BlackRock transferred significant amounts of Bitcoin and Ethereum to Coinbase Prime, which may signal a potential move towards liquidation or rebalancing of assets.

2- How much BlackRock Bitcoin and Ethereum move?

BlackRock transferred 2,544 Bitcoin and 101,975 Ethereum, valued at around $292 million and $372 million, respectively.

3- What impact did BlackRock Bitcoin transfer have on the market?

The transfer contributed to outflows from BlackRock Bitcoin and Ethereum ETFs, which added pressure to the market and contributed to a decline in crypto prices.

4- Is BlackRock still a major holder of crypto assets?

Yes, BlackRock continues to hold over 741,000 Bitcoin and 3 million Ethereum, making it one of the largest institutional holders globally.

Appendix: Glossary of key terms

Coinbase Prime: A platform offering secure and advanced cryptocurrency trading, primarily used by institutional investors.

Cold Storage: A method of storing cryptocurrency offline to enhance security and reduce exposure to cyber risks.

Exchange-Traded Fund (ETF): A type of investment fund that tracks the performance of assets, such as Bitcoin or Ethereum, and is traded on exchanges.

On-chain Data: Information recorded on the blockchain, providing transparency about transactions and movements of digital assets.

Arkham Intelligence: A blockchain analytics platform providing on-chain data and insights, tracking movements of crypto assets.

Liquidation: The process of converting assets into cash, often seen when assets are moved from cold storage to an exchange for sale.