{"id":6583,"date":"2025-08-24T04:11:10","date_gmt":"2025-08-24T04:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/blackrock-triggers-bitcoin-sell-offs-with-half-a-billion-dollars-dumped\/"},"modified":"2025-08-24T04:11:10","modified_gmt":"2025-08-24T04:11:10","slug":"blackrock-triggers-bitcoin-sell-offs-with-half-a-billion-dollars-dumped","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/blackrock-triggers-bitcoin-sell-offs-with-half-a-billion-dollars-dumped\/","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 Jerome Powell\u2019s Jackson Hole speech, 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>\n

\"Bitcoin\"<\/p>\n","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":1,"featured_media":6584,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[3235,1906,65,111,108,1002,275,243,73,112,113,70,71,3236,611,1453,687,3237,496,3238,3239,2005,3240,3241],"class_list":["post-6583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-ark-invest","tag-arkham","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-spot-etfs","tag-bitwise","tag-blackrock","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-cathie-wood","tag-coinbase","tag-coinmarketcap","tag-fidelity","tag-franklin-templeton","tag-grayscale","tag-ishares-bitcoin-etf","tag-jackson-hole-speech","tag-jerome-powell","tag-soso-value","tag-van-eck"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/6583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=6583"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/6583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/6584"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=6583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=6583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=6583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}