BlackRock’s Shocking $184M Crypto Sell-Off: What It Means for the Market!

BlackRock Sells $42M <a href="https://jpyxx.com/btc-usd/">BTC</a>, $142M <a href="https://jpyxx.com/eth-usd/">ETH</a> as ETF Outflows Hit $263M

On March 26th, U.S. crypto ETFs experienced a total of $263 million in outflows. BlackRock was among those selling, offloading $42 million worth of Bitcoin and $142 million worth of Ethereum. Here’s a breakdown of the data.

U.S. spot crypto ETFs recorded heavy outflows on March 26, 2026. 

BlackRock was the biggest seller, getting rid of $42 million worth of Bitcoin and almost $142 million in Ethereum. Other large investment firms did the same.

U.S. crypto ETFs experienced a net outflow of around $263 million today, indicating a generally negative trading day.

Related reading: Bitcoin Spot ETFs See $1.33B Weekly Outflows as Ethereum Funds Lose $611M

BlackRock Bitcoin and Ethereum ETF Outflows Shake the Market

BlackRock’s Bitcoin ETF saw $41.92 million worth of Bitcoin sold (approximately 612 BTC), while its Ethereum ETF experienced even larger outflows, with 21,240 ETH worth around $43.43 million being sold, according to crypto analyst Crypto Patel.

Fidelity also participated in the recent selling trend, offloading $32.81 million worth of Bitcoin (479 BTC) and $23.95 million worth of Ethereum (11,710 ETH).

Grayscale sold off $30.51 million in Bitcoin (446 BTC) and $20.04 million in Ethereum (9,790 ETH). This suggests that many institutions are reducing their risk in the crypto market.

Bitwise and ARK 21Shares also saw significant sales. Bitwise sold $33.10 million worth of Bitcoin (483 BTC) and $5.12 million worth of Ethereum (2,500 ETH).

ARK 21Shares sold off 445 Bitcoin, totaling $30.45 million. VanEck also sold some Bitcoin, 35 units worth $2.42 million.

Crypto Patel pointed out that U.S. Bitcoin ETFs bought an amount of Bitcoin in one day equal to about six days of new Bitcoin being mined.

ETF FLOWS: US SPOT CRYPTO ETFs FLOWS DATA UPDATE (26-03-2026):

Here’s a quick look at recent ETF flows: Bitcoin ETFs saw outflows of $171.22 million (2,500 units), while Ethereum ETFs experienced outflows of $92.54 million (45.24K units). Solana ETFs also saw outflows, totaling $1.04 million (12.14K units). However, ChainLink ETFs had inflows of $156.78K (17.75K units).

— Crypto Patel (@CryptoPatel)

Bitcoin and Ethereum Prices Slide as Selling Pressure Builds

According to CoinGecko, Bitcoin was recently trading at $68,624, which represents a decrease of 2.01% over the last 24 hours and 2.79% over the past week.

Market analyst KillaXBT predicted the price decline, noting a concerning pattern before it happened. He specifically cautioned that if the price fell below $67,900 for the week, it could lead to a drop towards $65,000.

A hold above that level, he noted, could still open a path to $69,500.

Ethereum’s price also went down recently. As of today, one ETH is worth $2,062, which is a 2.72% decrease over the last 24 hours and a 3.62% drop over the past week.

The token traded within a 24-hour range of $2,036 to $2,123 and a weekly range of $2,035 to $2,185.

Adding to the recent drop in price, data from Lookonchain shows that someone who originally bought Ethereum during its initial coin offering (ICO) sold off 11,552 ETH, worth about $23.42 million, at an average price of $2,027 per token.

The wallet originally bought 38,800 ETH during the ICO for just $12,000 at $0.31 each.

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Whale Liquidations Add to the Crypto Market Turbulence

The market drop also triggered notable liquidations. 

Lookonchain reported that a trader named Machi (@machibigbrother on X) lost all of their Bitcoin and Ethereum holdings due to the recent market decline, a process known as liquidation.

He initially deposited $500,000 in USDC only three days before experiencing significant losses. After those losses were finalized, his account held just $138,000, resulting in a total loss of $30.75 million.

Due to the market drop, Machi()’s and longs have been fully liquidated again!

He deposited 500K just 3 days ago and now only has $138K left, with total losses reaching $30.75M.

But he didn’t give up — he opened another 25x long on 1,600…

— Lookonchain (@lookonchain)

Even so, Machi stayed in the market, placing a new, highly leveraged bet worth $3.33 million on Ethereum. This bet involved 1,600 ETH and used 25x leverage.

Solana ETFs experienced $1.04 million in outflows, while Chainlink was the only digital asset fund to see inflows, totaling $156,780. There was no trading activity for ETFs based on Litecoin, Dogecoin, Polkadot, Hedera, and Avalanche.

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2026-03-27 10:56