{"id":867406,"date":"2025-08-23T21:13:29","date_gmt":"2025-08-24T02:13:29","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/23\/blackrock-triggers-bitcoin-sell-offs-with-half-a-billion-dollars-dumped\/"},"modified":"2025-08-23T21:13:29","modified_gmt":"2025-08-24T02:13:29","slug":"blackrock-triggers-bitcoin-sell-offs-with-half-a-billion-dollars-dumped","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/23\/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":"
\n

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 <\/span>its BTC ETF<\/span><\/a>.\u00a0<\/span><\/p>\n

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

Arkham data<\/span><\/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 <\/span>iShares Bitcoin ETF,<\/span><\/a> which was the norm throughout this week.<\/span><\/p>\n

SoSo Value data<\/span><\/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 <\/span>the BTC ETFs<\/span><\/a> as a group currently on a six-day streak of consecutive net outflows.\u00a0<\/span><\/p>\n

These Bitcoin ETFs have seen <\/span>total net outflows<\/span><\/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<\/span><\/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 <\/span>new all-time high (ATH)<\/span><\/a> of $124,000 last week. However, BTC has now sharply rebounded on the back of <\/span>Jerome Powell\u2019s Jackson Hole speech<\/span><\/a>, in which he indicated that a rate cut might happen in September.\u00a0<\/span><\/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 <\/span>Cathie Wood\u2019s Ark Invest<\/span><\/a> recorded a daily inflow of $65.47 million, the most among the issuers on the day.\u00a0<\/span><\/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 <\/span>Bitcoin price rebounding<\/span><\/a>, these funds, including BlackRock\u2019s IBIT, could return to witnessing significant daily inflows from next week.<\/span><\/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 <\/span>data<\/span><\/a> from CoinMarketCap.<\/span><\/p>\n

\"Bitcoin\"
BTC trading at $115,856 on the 1D chart | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Featured image from Pixabay, chart from Tradingview.com<\/p>\n<\/div>\n

Read More<\/a>
\n Scott Matherson<\/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<\/p>\n","protected":false},"author":1,"featured_media":867407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[164,22979],"tags":[],"class_list":{"0":"post-867406","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blackrock","8":"category-triggers"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/867406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=867406"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/867406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/867407"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=867406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=867406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=867406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}