BlackRock’s institutional clients dumped $60 million worth of the iShares Bitcoin Trust ETF (IBIT) this week while simultaneously scooping up over $20 million in the iShares Ethereum Trust ETF (ETHA).
The data, surfaced by Arkham Intelligence, paints a picture of deliberate repositioning rather than panic selling.
The numbers behind the rotation
IBIT currently holds somewhere between $47 billion and $55 billion in assets under management, making it one of the largest Bitcoin ETFs on the planet. A $60 million outflow against that backdrop is roughly 0.1% of the fund.
That capital didn’t vanish into cash or rotate into bonds. At least $20 million of it landed in ETHA, BlackRock’s spot Ethereum ETF. The net effect is still negative for crypto ETFs overall, with roughly $40 million more leaving than arriving.
