BlackRock Dumps $184M in BTC and ETH Amid ETF Outflows

BlackRock sold $42M in Bitcoin and $142M in Ethereum as U.S. crypto ETF outflows hit $263M on March 26. Here’s what the data shows.

U.S. spot crypto ETFs recorded heavy outflows on March 26, 2026. 

BlackRock led the selling, offloading $42 million in Bitcoin and nearly $142 million in Ethereum. Other major providers followed suit. 

Total outflows across all U.S. spot crypto ETFs reached approximately $263 million for the day. It was a rough session across the board.

Related reading: Bitcoin Spot ETFs See $1.33B Weekly Outflows as Ethereum Funds Lose $611M

BlackRock Bitcoin and Ethereum ETF Outflows Shake the Market

BlackRock’s Bitcoin ETF sold 612 BTC worth around $41.92 million, according to data shared by crypto analyst Crypto Patel on X. Its Ethereum ETF moved even harder, shedding 21,240 ETH valued at roughly $43.43 million.

Fidelity also joined the wave. It sold 479 BTC worth $32.81 million and 11,710 ETH worth $23.95 million. 

Grayscale disposed of 446 BTC worth $30.51 million and 9,790 ETH worth $20.04 million. The numbers painted a clear picture of widespread institutional de-risking.

Bitwise and ARK 21Shares were not far behind. Bitwise sold 483 BTC worth $33.10 million alongside 2,500 ETH worth $5.12 million. 

ARK 21Shares offloaded 445 BTC worth $30.45 million. VanEck contributed a smaller 35 BTC, valued at $2.42 million.

Crypto Patel noted that U.S. Bitcoin ETFs sold roughly six days’ worth of mined Bitcoin supply in a single day.

Bitcoin and Ethereum Prices Slide as Selling Pressure Builds

Bitcoin was trading at $68,624 at press time, down 2.01% in the past 24 hours and 2.79% over the past week, per CoinGecko data. 

Market analyst KillaXBT flagged the price structure as bearish well before the drop. He warned that losing the weekly open at $67,900 could push prices down toward $65,000. 

A hold above that level, he noted, could still open a path to $69,500.

Ethereum followed a similar trajectory. ETH was priced at $2,062 at press time, reflecting a 2.72% 24-hour decline and a 3.62% weekly drop. 

The token traded within a 24-hour range of $2,036 to $2,123 and a weekly range of $2,035 to $2,185.

Adding to the selling pressure, on-chain analytics platform Lookonchain reported that an Ethereum ICO participant sold 11,552 ETH worth $23.42 million at roughly $2,027 per token. 

The wallet originally bought 38,800 ETH during the ICO for just $12,000 at $0.31 each.

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Whale Liquidations Add to the Crypto Market Turbulence

The market drop also triggered notable liquidations. 

Lookonchain flagged that trader Machi, known on X as @machibigbrother, had his Bitcoin and Ethereum long positions fully liquidated during the downturn. 

He had deposited $500,000 USDC just three days prior. By the time the losses settled, only $138,000 remained in his account, bringing his cumulative losses to $30.75 million.

Despite that, Machi did not exit the market. He opened a fresh 25x leveraged long on 1,600 ETH, valued at $3.33 million.

Solana ETFs also recorded outflows of $1.04 million. Chainlink was the only bright spot, registering inflows of $156,780. Litecoin, Dogecoin, Polkadot, Hedera, and Avalanche ETFs all recorded zero flows for the day.