The post BlackRock starts the week with outflow of these two cryptocurrencies appeared on BitcoinEthereumNews.com. BlackRock started the week of March 23 with moreThe post BlackRock starts the week with outflow of these two cryptocurrencies appeared on BitcoinEthereumNews.com. BlackRock started the week of March 23 with more

BlackRock starts the week with outflow of these two cryptocurrencies

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

BlackRock started the week of March 23 with more than $77 million in net cash outflow from its two spot exchange-traded funds (ETFs).

On Monday, the company’s iShares Bitcoin Trust (ETF) registered a net outflow of 658 BTC, which is worth about $46 million at press time. As such, IBIT recorded the largest cash outflow compared to the other issuers of spot Bitcoin ETFs, according to metrics shared by on-chain analytics platform Lookonchain.

Spot ETH ETF flow on March 23. Source: Lookonchain 

Nonetheless, IBIT registered about 2,471 BTC in the past seven days to increase its net holdings to around 781,651, valued at over $54.7 billion. Meanwhile, BlackRock’s iShares Ethereum Trust ETF (ETHE) recorded a net outflow of 14,802 ETH, which is worth about $31.74 million at the time of publication.

Spot ETH ETF flow on March 23. Source: Lookonchain 

As a result, ETHE investors have sold 35,041 ETH, during the past seven days, worth about $75.12 million. This fund currently holds 3,167,035 ETH, which has a notional value of $6.79 billion.

BlackRock’s crypto outflow coincides with bullish sentiment 

The significant cash outflow from BlackRock’s IBIT and ETHE coincided with a sudden market rebound today. Bitcoin price gained over 2.36% during the past 24 hours to trade at around $70,410 at the time of this publication.

BTC/USD 24hr chart. Source: Finbold

Similarly, Ethereum price jumped 2.67% in the past 24 hours to trade at about $2,136 on Monday.

ETH/USD 24hr chart. Source: Finbold

The notable crypto rally on Monday, which was catalyzed by the announcement from

President Donald Trump of a potential deal between the United States and Iran, outweighed the impact of the net cash outflows from spot ETFs.

Source: https://finbold.com/blackrock-starts-the-week-with-outflow-of-these-two-cryptocurrencies/

Market Opportunity
Ethereum Logo
Ethereum Price(ETH)
$2 151
$2 151$2 151
+1,06%
USD
Ethereum (ETH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Pundit: Every XRP Holder Needs to Understand What’s Happening Right Now

Pundit: Every XRP Holder Needs to Understand What’s Happening Right Now

Rising geopolitical tension often exposes the hidden cracks in global finance, and few regions demonstrate this more clearly than the Strait of Hormuz. As a critical
Share
Timestabloid2026/03/24 04:05
US Dollar and Oil fall as Trump signals Iran de-escalation

US Dollar and Oil fall as Trump signals Iran de-escalation

The post US Dollar and Oil fall as Trump signals Iran de-escalation appeared on BitcoinEthereumNews.com. Here is what you need to know for Tuesday, March 24: The
Share
BitcoinEthereumNews2026/03/24 04:06
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42