BlackRock Sells $71.78M in Bitcoin Amid Rising ETF Redemptions
Key Facts
BlackRock sold $71.78 million worth of Bitcoin as redemptions in its exchange-traded funds continued to pile up. Crypto Briefing reported that the sale was triggered by investors pulling capital from the iShares Bitcoin Trust, requiring the firm to liquidate Bitcoin holdings to meet these cash redemption demands.
BLK closed at $1134.38 on October 16, 2026, with a session high of $1149.9 and a low of $1119.58. The institutional selling occurs amid a broader cooling of demand, as combined outflows from Bitcoin and Ethereum ETF products exceeded $1.2 billion, marking the weakest stretch for these instruments since late June 2026.
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Update: BlackRock's spot Ether ETF (ETHA) saw net outflows of $69.68 million on October 16, 2026. This extension of the outflow streak to three consecutive trading days further highlights the current redemption pressure on the firm's crypto-asset products.