BlackRock Extends Bitcoin and Ethereum Sale for $217 Million
Analysis
Price Impact
HighLarge sell-offs by a major institutional player like blackrock can create significant selling pressure, especially if perceived as a signal of waning institutional confidence. this can trigger further sell-offs from other investors.
Trustworthiness
HighPrice Direction
BearishDirect deposits of significant amounts of btc and eth to coinbase prime, especially when coinciding with etf outflows, are often interpreted by the market as preparation for sale, leading to downward price pressure.
Time Effect
ShortThe immediate impact of such a large deposit to an exchange is typically felt within a short timeframe as traders react to the potential selling pressure.
Original Article:
Article Content:
Cover image via U.Today BlackRock dumps crypto non-stop Did BlackRock actually sell? Advertisement BlackRock remains affected by the consistent outflows witnessed across both the Bitcoin and Ethereum ETF markets, and has continued to offload large amounts of its holdings. In a familiar move showcased by blockchain monitoring platform Lookonchain, BlackRock has deposited another 3,410 BTC and 5,132 ETH to Coinbase Prime in multiple transfers spotted on Thursday, June 25. BlackRock dumps crypto non-stop The data further revealed that the Bitcoin and Ethereum transfers were worth $209.64 million and $8.43 million, respectively, per the assets' prices at the time of the transactions. HOT Stories Scam Alert: Gnosis X Account Compromised, Do Not Press Any Links Bitcoin Is 'Over,' Google's Ex-Tech Lead Says The total deposits happened in a series of about seven separate transfers, with nearly all of them carrying 300 BTC each, while only one separate transfer moved Ethereum to the Coinbase wallet. Advertisement You Might Also Like Wed, 06/24/2026 - 14:08 Over $610 Million in Bitcoin and Ethereum Dumped by BlackRock By Caroline Amosun While this transfer happened at a time when the broader crypto market is facing downside pressure, market watchers fear that the move from BlackRock could further fuel the ongoing volatility. Did BlackRock actually sell? Although BlackRock did not clarify the reason it has continued to offload large stashes of its Bitcoin and Ethereum holdings on Coinbase, the transfers have triggered speculation across the market, with traders interpreting them as potential attempts to sell. Advertisement It is important to note that deposits to Coinbase Prime or other crypto exchanges do not necessarily confirm an immediate sale. However, investors have become suspicious of BlackRock's frequent deposits, as the timing of the transfers has intensified concerns and signals that BlackRock might actually be selling. This is more apparent, as the company has been found to sell only when its ETF products record withdrawals during their daily trading sessions. #BlackRock #Bitcoin #Ethereum #Coinbase