{"id":90717,"date":"2025-08-23T13:00:10","date_gmt":"2025-08-23T13:00:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=90717"},"modified":"2025-08-23T13:00:10","modified_gmt":"2025-08-23T13:00:10","slug":"blackrock-triggers-bitcoin-sell-offs-with-half-a-billion-dollars-dumped","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=90717","title":{"rendered":"BlackRock Triggers Bitcoin Sell-Offs With Half A Billion Dollars Dumped"},"content":{"rendered":"

The world\u2019s largest asset manager, BlackRock, has notably been on a Bitcoin selling spree throughout this week, triggering a wave of sell-offs in the process. These sales have occurred due to the outflows that the asset manager has witnessed from its BTC ETF<\/a>.\u00a0<\/p>\n

BlackRock Dumps Around $500 Million In Bitcoin<\/h2>\n

Arkham data<\/a> shows that BlackRock has offloaded around $500 million in Bitcoin this week, with transfers to Coinbase, a move that indicates a move to sell these coins. The asset manager has sold these coins following outflows from its iShares Bitcoin ETF,<\/a> which was the norm throughout this week.<\/p>\n

SoSo Value data<\/a> shows that BlackRock\u2019s Bitcoin ETF first recorded a daily net outflow of $68.72 million on August 18. The fund then further saw net outflows of $220 million, $127.49 million, and $198.81 million on August 20, 21, and 22, respectively. Notably, the iShares Bitcoin ETF has accounted for most of the outflows, with the BTC ETFs<\/a> as a group currently on a six-day streak of consecutive net outflows.\u00a0<\/p>\n

These Bitcoin ETFs have seen total net outflows<\/a> of almost $1.2 billion since August 15. Meanwhile, in just this week alone, over $1.1 billion has left these funds, sparking a bearish sentiment for the BTC price. Given BlackRock\u2019s position as a major player in the Bitcoin ecosystem, outflows from its fund had sparked a wave of sell-offs. This led to a massive decline for the flagship crypto earlier in the week.\u00a0<\/p>\n

The Bitcoin price had dropped to as low as $112,000 this week as BlackRock and other BTC investors took profit on their investments. This followed the flagship crypto\u2019s rally to a new all-time high (ATH)<\/a> of $124,000 last week. However, BTC has now sharply rebounded on the back of Jerome Powell\u2019s Jackson Hole speech<\/a>, in which he indicated that a rate cut might happen in September.\u00a0<\/p>\n

An End To The BTC ETF Outflow Streak<\/h2>\n

Notably, Powell\u2019s speech was enough to spark fresh inflows into the Bitcoin ETFs on August 22, with BlackRock the only fund manager that recorded a net outflow on the day. Further data from SoSo Value shows that Cathie Wood\u2019s Ark Invest<\/a> recorded a daily inflow of $65.47 million, the most among the issuers on the day.\u00a0<\/p>\n

Meanwhile, Fidelity, Van Eck, Franklin Templeton, Bitwise, and Grayscale recorded inflows of $50.88 million, $26.41 million, $13.51 million, $12.70 million, and $6.42 million, respectively. However, BlackRock recorded an outflow of $198.81 million, which led to a daily net outflow of $23.15 million for the funds as a group. With the Bitcoin price rebounding<\/a>, these funds, including BlackRock\u2019s IBIT, could return to witnessing significant daily inflows from next week.<\/p>\n

At the time of writing, the Bitcoin price is trading at around $115,900, up over 2% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

The world\u2019s largest asset manager, BlackRock, has notably been on a Bitcoin selling spree throughout this week, triggering a wave of sell-offs in the process. These sales have occurred due to the outflows that the asset manager has witnessed from its BTC ETF.\u00a0 BlackRock Dumps Around $500 Million In Bitcoin Arkham data shows that BlackRock […]<\/p>\n","protected":false},"author":0,"featured_media":90718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90717"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90717"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90718"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}