BlackRock, the world's largest asset manager, sold $331.51 million worth of Bitcoin and Ethereum due to investor redemptions from its spot ETFs. The sales, split between $213.23 million in Bitcoin and $118.28 million in Ethereum, reflect routine fund management rather than speculative trading. These outflows are driven by investors redeeming shares, requiring BlackRock to sell crypto to meet demand. Despite these withdrawals, BlackRock's crypto ETFs remain the largest in the US, highlighting ongoing investor interest but also shifting sentiment.
BlackRock's recent $331.51 million Bitcoin and Ethereum sales provide context for crypto market activity. For readers following cryptocurrency, here is Pluang's market snapshot as of Nov 10, 2026 11:31 WIB: out of 50 major cryptocurrencies, 30 rose and 18 fell today. Notable movers include SXP down 46.27%, ONE down 16.89% with 58% sell order activity, and BAL up 11.14%.
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