BlackRock Offloads Nearly $1B in Bitcoin as U.S. Spot BTC ETFs See Record Weekly Outflows
CoinDesk cited Arkham Intelligence on-chain data showing BlackRock-linked wallets sold about $1.01 billion worth of bitcoin last week. Over the same period, U.S. spot bitcoin ETFs recorded roughly $1.26 billion in net outflows, the largest weekly withdrawal since 2026, pointing to a broader shift by institutions toward a more defensive stance.
BlackRock represented the bulk of the outflow. Arkham data indicates the move also marked BlackRock's steepest single-week drop in bitcoin holdings since November 2025, with the firm accounting for nearly all U.S. spot bitcoin ETF outflows on a weekly basis.
During the selloff, bitcoin briefly slipped below a key level before rebounding to around $77,443 in early-week trading. At the time of publication, BTC was changing hands near $77,230, little changed over the past 24 hours but still below levels seen earlier this month.
Market trackers have tied the wave of ETF redemptions to institutional investors trimming risk exposure. With crypto prices weakening again and demand for risk assets fading, some capital has moved out of bitcoin-linked products while investors wait for clearer direction.
Recent data from CoinGlass and SoSoValue also point to softer derivatives momentum, including declining open interest and choppy, volatile funding rates. The trend suggests leveraged trading appetite is cooling alongside, and in some cases more than, the spot ETF market.
Even as bitcoin ETF exposure is reduced, BlackRock continues to push tokenized financial products. The company has filed a second application with the U.S. Securities and Exchange Commission for a tokenized fund built on Securitize's infrastructure. The filing follows growth in BUIDL, a tokenized U.S. Treasury fund launched by BlackRock and Securitize in March 2024, which now manages about $2.3 billion and ranks among the world's largest tokenized Treasury funds.
The report added that Franklin Templeton, Fidelity, and State Street are also accelerating tokenized-asset initiatives, intensifying competition in real-world asset tokenization. In Washington, the CLARITY Act advancing through Congress remains under review and is intended to provide clearer regulatory guidance for the sector.
