BlackRock’s Bitcoin ETF was reported to account for about $300 million of selling, while smaller funds absorbed some demand; separate posts also cited seven straight trading days of Ethereum outflows and the last ETH purchase on June 16.
BlackRock-linked selling was reported at about $300 million to $300.4 million of Bitcoin, with the newer account identifying the vehicle as IBIT, BlackRock’s spot Bitcoin ETF. The newer report said smaller Bitcoin ETFs absorbed some of the withdrawn capital, suggesting rotation within the ETF market rather than uniform exits. Separate source material also said BlackRock had sold Ethereum for seven straight trading days, with the last reported ETH purchase on June 16. If accurate, the activity points to continued outflows from spot crypto investment products, which buy or sell underlying tokens to reflect investor demand.