CryptoMedium•3 November 2026•
1 min read
Crypto ETFs See $1.3B Outflow as BlackRock Signals Selling Pressure
Key Facts
1Investors withdrew $1.3 billion from Bitcoin and Ethereum ETFs within a two-day period.
2BlackRock transferred hundreds of millions in coins to a trading desk, signaling potential ongoing selling pressure.
Investors withdrew $1.3 billion from Bitcoin and Ethereum ETFs within a two-day period. 247wallst.com reported that BlackRock transferred hundreds of millions in cryptocurrencies from ETF wallets to a trading desk, signaling potential ongoing selling pressure in the market.
BlackRock (BLK) shares closed at $1167.15 on November 2, 2026, as net assets in Ethereum funds dropped from $17.7 billion on October 5 to $13.2 billion. According to Lookonchain, BlackRock's transfers included approximately 7,244 BTC and 63,598 ETH to Coinbase Prime, occurring as Bitcoin hit a 30-day low of $76,709 on November 2, 2026.