BlackRock Pulls About $320 Million From Bitcoin and Ethereum ETFs Over Five Sessions

BlackRock trimmed its crypto exposure again over the past week, with on-chain data showing roughly $320 million in combined outflows from its Bitcoin and Ethereum exchange-traded funds amid broader market volatility. The larger share came from BlackRock's spot Bitcoin ETF, which saw about $185.1 million leave across five trading sessions. Selling pressure was front-loaded, highlighted by a $201.5 million redemption on March 27. Outflows resumed on April 1 with another $86.5 million. Brief inflows on March 30 and March 31 failed to change the tone, as flows turned negative again in early April. Ethereum exposure moved in step. BlackRock's ETHA recorded net outflows of around $134.9 million over the same period. The biggest single-day drop was March 27, when $70.8 million exited, followed by additional redemptions on April 1 ($32.3 million) and April 2 ($46.7 million). The synchronized withdrawals across both assets suggest institutional demand has cooled after strong inflows late in March. While intermittent inflows point to selective buying, the overall pattern reflects caution tied to near-term uncertainty and profit-taking. Flows across the broader spot ETF market also appeared choppy but weakening. Bitcoin ETFs saw sharp daily swings, including a net outflow topping $170 million on April 1, with isolated inflows in some funds outweighed by heavier redemptions in major products. Ethereum ETFs showed scattered inflows among smaller issuers, but continued outflows from larger funds dominated. U.S. spot Bitcoin ETFs had rebounded in March 2026, drawing $1.32 billion in net inflows and snapping a four-month run of outflows—the first positive month of the year and the first since October 2025. That recovery followed heavy early-2026 redemptions of about $6.4 billion as Bitcoin fell from its all-time high above $126,000. Even so, the first quarter still ended with roughly $500 million in net outflows. Spot Ethereum ETFs remained under pressure, posting about $46 million in net outflows in March and extending a five-month streak of negative flows.