BlackRock Sells $230M in Bitcoin, Buys 10,566 ETH

BlackRock sold 3,671 BTC, worth roughly $230 million, and bought 10,566 ETH, worth about $17.71 million, in an on-chain rebalancing during a volatile stretch of 2026. The transactions took place while BlackRock’s crypto exchange-traded funds were recording heavy outflows.

On-chain records show the trades moved through a wallet linked to BlackRock’s digital asset operations. The ETH purchase pushed total inflows for that wallet above 10,000 ETH during the transaction window. Both the BTC and ETH transactions were recorded on the public ledgers of their respective networks.

By value, the bitcoin sale was substantially larger than the ether purchase-about $230 million in BTC versus roughly $17.71 million in ETH. The trades were executed within a short period during the volatile market stretch in 2026.

BlackRock has described its approach as active management of its digital asset holdings, and the transactions reflect a reallocation of positions between major tokens. The firm offers crypto-linked products that report holdings and flows to investors and uses public blockchains to execute and record some transactions.

On-chain movements from wallets tied to fund managers, custodians and exchanges have been monitored this year as part of broader institutional activity in digital assets. The recent rebalancing adds to a series of recorded institutional adjustments involving shifts between major tokens and responses to ETF flow dynamics.