BlackRock Clients Sell 26,610 ETH Worth $91M in Major Move

In a notable development for the crypto market. BlackRock clients have sold 26,610 Ethereum worth about $91.09 million, according to on-chain data tracked by Whale Insider and Arkham Intelligence. The selloff marks one of the largest ETH movements tied to institutional portfolios in recent weeks. It raises questions about shifting sentiment among major investors. The transactions were detected on Coinbase Prime. This suggests that these sales were executed through custodial accounts linked to BlackRock’s institutional clients rather than the firm’s direct holdings.

BlackRock’s Ethereum Exposure Remains Massive

Despite the selloff, data from Arkham shows that BlackRock still holds roughly 3.9 million ETH, valued at around $13.6 billion. Ethereum remains a core part of the firm’s overall crypto exposure. Second only to Bitcoin, where BlackRock holds about 795,743 BTC, worth an estimated $81.25 billion. These holdings represent positions across BlackRock-managed funds, ETFs and institutional client accounts. 

It includes the IBIT Bitcoin ETF and the recently established ETHA Ethereum ETF. Both funds have seen heavy trading volume amid rising institutional demand for digital assets. However, the recent ETH sale has caught market attention due to its timing. This comes just days after Bitcoin ETFs recorded record inflows. While Ethereum ETFs saw $107 million in outflows, according to CoinShares.

Institutional Investors Adjust Exposure

On-chain data reveals that the ETH outflows from BlackRock-linked addresses. Those were funneled through Coinbase Prime to exchange wallets over the past 24 hours. The largest single transfer involved 5,745 ETH, worth about $20.4 million. BlackRock’s Ethereum ETF address (0x9e7) sent it to Coinbase.

While they has issued no public statement, analysts believe this move reflects portfolio rebalancing rather than a bearish exit. Large funds frequently adjust crypto allocations based on performance, liquidity or client redemptions. Market observers note that ETH has been under pressure following Bitcoin’s recent dominance. With traders rotating back to BTC after last week’s spot ETF inflows.

ETH Market Reacts Cautiously

Ethereum’s price showed mild volatility following the report, hovering around $3,480 after briefly dipping below $3,450. The market’s muted reaction suggests traders view the sale as a routine adjustment rather than a bearish signal. Still, some investors interpret the selloff as a sign of institutional caution ahead of key macroeconomic events. 

Additionally, the potential delay of Ethereum’s ETF approvals in Asia. Despite the short-term sell pressure, Ethereum continues to hold strong institutional interest. Due to its dominance in smart contracts, DeFi and tokenization infrastructure. Areas that BlackRock CEO Larry Fink himself recently described as “the next frontier in finance.”

The Bigger Picture

BlackRock’s client sale underscores how institutional dynamics now influence crypto markets more than ever. Even as some funds trim exposure, overall adoption among major financial players continues to deepen. With the firm’s crypto assets still exceed $94 billion. BlackRock remains a defining force in the market. One whose every move now shapes investor sentiment across Wall Street and Web3.