BlackRock Sold Over $2 Billion Worth Of Bitcoin And Ethereum
According to reports, BlackRock has sold more than $2 billion worth of Bitcoin (BTC) and Ethereum (ETH) in the last 10 days. The world’s largest asset manager saw $1.92 billion worth of BTC and $320 worth of ETH. BlackRock’s sell off came amid a market-wide correction. Bitcoin (BTC) fell to the $61,000 price level on June 4, 2026, while Ethereum (ETH) has fallen to the $1700 level today. UPDATE: BLACKROCK OUTFLOWS HIT $2.24 BILLION 30,119 $BTC ($1.92B) and 161,829 $ETH ($320M) exited over the last 10 days. https://t.co/SnAiDLbgKp — Coin Bureau (@coinbureau) June 4, 2026 Why Did BlackRock Sell Its Bitcoin And Ethereum? Source: Coinpedia BlackRock has not explicitly disclosed the reasons behind its massive sale. Given the larger market environment, it is possible that the asset manager saw the signs of a market crash, and decided to book profits. Bitcoin (BTC) has erased all gains made since February and may continue to fall further. BlackRock investors may have chosen to move out of the...