Bitcoin News Today: BlackRock Liquidates $664M in BTC and ETH Amid Crypto ETF Outflows

BlackRock’s recent movements of 2,544 BTC and 101,975 ETH—valued at approximately $292 million and $372 million, respectively—have drawn significant attention in the cryptocurrency market. The transfers, made to Coinbase Prime, suggest a potential shift in strategy as the firm transitions from accumulation to asset reallocation. This comes amid a broader backdrop of ETF outflows, with BlackRock’s Bitcoin ETF (IBIT) alone reporting a $292 million net outflow [1]. The firm’s Ethereum holdings are also being liquidated, indicating a broader trend of profit-taking by institutional investors [2].

The timing of these transfers aligns with a wider market downturn. On August 5, 2025, U.S. spot Bitcoin ETFs collectively recorded a net outflow of 1,710 BTC, valued at $196 million, while Ethereum ETFs also saw significant outflows [2]. Bitcoin prices fell below $113,000, and Ethereum experienced a similar decline, reflecting heightened uncertainty among investors. These movements signal that major institutional players are reevaluating their exposure to crypto assets in response to macroeconomic pressures and regulatory developments [3].

Coinbase, the recipient of BlackRock’s transfers, has recently positioned itself as a regulatory-compliant and innovative platform, which may influence the firm’s decision to liquidate its holdings through a trusted exchange [1]. The move also reflects the growing role of centralized exchanges in facilitating large-scale institutional transactions, particularly as regulatory clarity continues to develop in the U.S. and globally.

While some analysts suggest that these outflows could lead to short-term price corrections, others argue that they represent temporary volatility rather than a fundamental bearish shift in the market. BlackRock’s activity, and that of other institutional players, may indicate a strategic repositioning rather than a complete disengagement from crypto assets. Nevertheless, the cumulative effect of these outflows has raised concerns about the sustainability of ETF structures and the level of investor confidence in crypto-linked products [3].

The broader implications of these developments may extend beyond short-term price movements. If institutional investors continue to reduce their exposure, it could influence the regulatory landscape, ETF structures, and the overall perception of cryptocurrencies as an asset class. The coming months will be critical in determining whether these outflows signal a temporary pause or a more permanent recalibration of institutional strategies in the crypto market [1].

Sources:

[1] MoneyCheck – [https://moneycheck.com/blackrock-transfers-664m-in-btc-and-eth-to-coinbase-amid-crypto-etf-outflows/](https://moneycheck.com/blackrock-transfers-664m-in-btc-and-eth-to-coinbase-amid-crypto-etf-outflows/)

[2] Coinpedia – [https://coinpedia.org/crypto-live-news/](https://coinpedia.org/crypto-live-news/)

[3] Cointelegraph – [https://cointelegraph.com/blackrock-leads-record-465m-spot-ether-etf-exodus](https://cointelegraph.com/blackrock-leads-record-465m-spot-ether-etf-exodus)