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BlackRock sells $230M in Bitcoin, buys $17.7M in Ethereum amid volatile crypto market in 2026

Market News
09 Jun 2026
BeInCrypto
View Source
Neutral
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BlackRock sold 3,671 Bitcoin worth about $230 million and purchased 10,566 Ethereum valued at approximately $17.7 million in a strategic portfolio rebalance. This move comes during a volatile period for both cryptocurrencies in 2026, with significant ETF outflows impacting BlackRock's flagship products. The purchase signals growing institutional interest in Ethereum despite Bitcoin's dominant market presence. BlackRock's active management approach reflects its efforts to adjust digital asset allocations based on market conditions and valuation opportunities.

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