BlackRock reported significant outflows from its Bitcoin ETF, totaling $136.25 million, as institutional investors adjusted their crypto exposure amid ongoing macroeconomic volatility. The outflows, which occurred on May 15, involved the sale of approximately 1,722 BTC at an average price of $79,098 per Bitcoin. Ethereum products also saw substantial withdrawals, with 22,638 ETH sold, amounting to $50.35 million.
Despite these outflows, BlackRock's Bitcoin ETF holdings remain robust, with total holdings exceeding 817,138 BTC, valued at approximately $63 billion. Similarly, BlackRock's Ethereum exposure remains significant, with combined ETH holdings surpassing 3.38 million ETH, valued at around $7.2 billion. The institution's Ethereum staking allocation also remains substantial, with over 226,809 ETH staked, valued at nearly $480 million.
These movements highlight the growing influence of institutional investors in the crypto market, as ETF flows and staking allocations increasingly shape liquidity dynamics. While macroeconomic concerns continue to impact market conditions, BlackRock's substantial digital asset holdings underscore the enduring institutional interest in cryptocurrencies.
BlackRock Sees $136M Bitcoin ETF Outflows Amid Market Volatility
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