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BlackRock sells $172M in Bitcoin and Ethereum, signaling bearish crypto sentiment.

Market News
13 May 2026
Finbold
View Source
Bearish
BlackRock sells $172M in Bitcoin and Ethereum, signaling bearish crypto sentiment.

BlackRock accelerated its sell-off of Bitcoin and Ethereum on May 13, transferring $172.68 million worth of these cryptocurrencies to Coinbase Prime. This move follows five consecutive days of outflows from BlackRock's iShares Bitcoin Trust and low demand for its Ethereum Trust, indicating a shift toward bearish sentiment among institutional investors. Bitcoin's price has struggled to rise above $82,000 recently, and Ethereum's price remains closely tied to Bitcoin amid a broader market downturn. The sell-off suggests cautious investor outlook, but a rebound could occur if demand increases again.

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