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

BlackRock sold 3,671 bitcoin, roughly $230 million, and purchased 10,566 ether, about $17.71 million, in an on-chain rebalancing transaction recorded in 2026. The transfers were posted to a wallet linked to BlackRock’s digital asset operations.

Blockchain records show the transfers were visible on public ledgers rather than executed only within custodial accounts. The bitcoin sale provided liquidity that was partly redeployed into Ethereum, according to the chain entries.

The ether purchase raised total ETH inflows to the linked wallet above 10,000 ETH during the operation. In dollar terms the bitcoin sale was materially larger than the ether allocation.

The trades took place amid heightened price volatility for both tokens in 2026 and notable net redemptions from BlackRock’s flagship crypto exchange-traded funds. The public ledger entries do not disclose the firm’s internal strategy or the final destination of remaining proceeds.

BlackRock is among the largest asset managers offering crypto investment products, including ETFs tied to bitcoin and ether. Since launching those products the firm has periodically adjusted holdings in response to investor flows and market movements.