BlackRock bitcoin ethereum moves signal renewed institutional accumulation after February sell-off

After weeks of heavy selling in crypto markets, fresh BlackRock bitcoin ethereum activity on Coinbase suggests a potential shift back toward accumulation.

BlackRock pulls $150 million in crypto from Coinbase

Within the last 24 hours, asset management giant BlackRock withdrew 2,086 BTC and 8,459 ETH from Coinbase, according to on-chain tracker The Data Nerd. The Bitcoin transfer was valued at $135 million, while the Ethereum move amounted to $15.8 million, bringing the total cryptocurrency withdrawal to $150 million.

However, these funds were not sent to unknown cold wallets. Instead, they were moved into the firm’s IBIT Bitcoin and ETHA Ethereum exchange-traded fund (ETF) addresses. This detail indicates the flows are tied to ETF operations rather than speculative trading or internal treasury reshuffling.

Arkham data highlights BlackRock’s expanding holdings

On-chain data from Arkham Intelligence shows that BlackRock’s total digital asset holdings have now reached $53.5 billion. Moreover, most of these assets are concentrated in Bitcoin and Ethereum, reinforcing the firm’s focus on the two largest cryptocurrencies by market capitalization.

This renewed buying comes after a notable selling phase earlier in the month. In the first half of February, BlackRock aggressively offloaded Bitcoin and Ethereum into the market, coinciding with a period of heightened volatility and a broader bitcoin price decline.

From February sell-off to renewed accumulation

On Feb. 6, BlackRock disposed of part of its Bitcoin and Ethereum reserves worth $292 million, following a seven-day stretch marked by sustained price weakness. That said, the selling pressure did not stop there, as the firm continued to reduce exposure the following week.

A week later, the company sold another batch of BTC and ETH valued at $257 million. Together, these transactions underscored significant institutional crypto activity during a fragile phase for digital asset markets.

Bitcoin and Ethereum under pressure

Bitcoin has dropped by roughly 50% from its all-time high of $126,000, reached in October 2025. However, the latest price action has been particularly sharp, with intraday swings reflecting elevated uncertainty among traders and investors.

In the last 24 hours, Bitcoin slid from a peak of $66,592.02 to a low of $62,709.82. At the time of writing, it trades at $63,229.56, representing a 3.9% decline over the same period. Meanwhile, the asset’s trading volume has risen by 22.61% to $44.09 billion, signaling active participation during the downturn.

Ethereum is also facing selling pressure. The second-largest crypto asset changes hands at $1,825.52, down 3.2% in 24 hours. Moreover, Ethereum’s trading volume has jumped by 24.74% to $20.79 billion, suggesting increased positioning and possible rebalancing among market participants.

Interpreting the latest BlackRock moves

The fresh transfers from Coinbase to ETF-linked wallets have raised questions about whether the latest bitcoin ethereum withdrawal marks the start of a more sustained accumulation phase. Some analysts argue that large players often buy into weakness, especially after steep corrections from all-time highs.

For BlackRock bitcoin ethereum flows, the pattern has been particularly notable since the start of 2026. The firm tends to begin the first half of each month with sizable sales, then gradually reverse course in the second half by rebuilding positions through targeted repurchases.

A recurring end-of-month pattern

In the last week of January, BlackRock interrupted its heavy outflows with a fresh crypto purchase worth $15.9 million. That move foreshadowed the current rebound in ETF wallet balances, even as prices remain well below the October 2025 peak.

Moreover, the latest Coinbase large transfers align with this emerging calendar-based strategy. While it is too early to call a full trend reversal, the combination of lower prices, rising volumes, and renewed ETF inflows will be closely watched by traders tracking arkham intelligence data and broader market sentiment.

In summary, BlackRock’s $150 million crypto withdrawal, shifting from February’s heavy selling to fresh ETF allocations, underscores how major institutions continue to actively time liquidity and exposure across Bitcoin and Ethereum.