Finbold 2026-05-13 13:56:57

BlackRock dumps over $170m of these two cryptocurrencies in a day

BlackRock Inc. (NYSE: BLK ) accelerated its Bitcoin ( BTC ) and Ethereum ( ETH ) sell-off on May 13 amid rising risk of crypto capitulation. BlackRock deposited 861 BTC, worth approximately $69.59 million, to Coinbase Prime on Wednesday, according to on-chain data from Arkham Intelligence . Additionally, the management firm sent 44,691 ETH, valued at around $103.15 million, to Coinbase Prime. On-chain analysis for BlackRock’s BTC and ETH. Source: Arkham Intelligence As such, BlackRock dumped $172.68 million in crypto assets, thereby signaling a rising institutional shift. Furthermore, BlackRock’s iShares Bitcoin Trust ( IBIT ) has now recorded 5 consecutive days of cash outflows totaling $235.21 million, bringing its total assets to $66.27 billion at the time of publication. IBIT daily inflows. Source: SoSoValue Similarly, BlackRock’s iShares Ethereum Trust (ETHA) has recorded low demand over the past few days. On Tuesday, ETHA saw a net cash outflow of more than $102 million, thereby reducing its net asset holdings to $7.17 billion at press time. ETHA daily inflows. Source: SoSoValue BlackRock’s crypto selloff signals bearish sentiment After leading spot crypto accumulation in early April, BlackRock’s investors have shifted to a near-term bearish outlook. For instance, Bitcoin price gained nearly 12% in April 2026 after IBIT accumulated over $2 billion. However, the flagship coin has struggled to rally beyond $82,000 in the recent past, as Finbold noted , fueled by bearish IBIT investors. With extreme shorts in Bitcoin’s derivative markets, the flagship coin dropped over 2% in seven days, trading at roughly $80,210 at press time. BTC/USD 7-day chart. Source: Finbold Consequently, if the demand for Bitcoin and Ethereum from BlackRock’s investors rises over the coming days, a potential rebound could be seen, and vice versa. Furthermore, the Ethereum price has been highly correlated with BTC year to date amid the ongoing macro bear market. The post BlackRock dumps over $170m of these two cryptocurrencies in a day appeared first on Finbold .

En Okunan haberler

Bitcoin Price Falls Below $80K as Hot PPI Rep...
2026-05-13
Fidelity Leads $233M Bitcoin ETFs Loss as Sol...
2026-05-13
Dogecoin at $0.109 triggers warning as short...
2026-05-13
Ethena Network Sees Surge in New Wallets as E...
2026-05-13
Japanese Yen Slides as US Inflation Data Bols...
2026-05-13
FTMining has launched a free cloud mining ser...
2026-05-13
XRP Bulls Gain Momentum As ETF Inflows Reach...
2026-05-13
Animoca Brands and Nuva Labs Launch NUVA to B...
2026-05-13

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez