BlackRock Sells $42M BTC, $142M ETH as ETF Outflows Hit $263M

BlackRock sold $42M in Bitcoin and $142M in Ethereum as U.S. crypto ETF outflows hit $263M on March 26. Here’s what the data shows.

U.S. spot crypto ETFs recorded heavy outflows on March 26, 2026.

BlackRock led the selling, offloading $42 million in Bitcoin and nearly $142 million in Ethereum. Other major providers followed suit.

Total outflows across all U.S. spot crypto ETFs reached approximately $263 million for the day. It was a rough session across the board.

_Related reading: _****Bitcoin Spot ETFs See $1.33B Weekly Outflows as Ethereum Funds Lose $611M

BlackRock Bitcoin and Ethereum ETF Outflows Shake the Market

BlackRock’s Bitcoin ETF sold 612 BTC worth around $41.92 million, according to data shared by crypto analyst Crypto Patel on X. Its Ethereum ETF moved even harder, shedding 21,240 ETH valued at roughly $43.43 million.

Bitcoin ETF outflows spike across multiple providers, March 26, Source| Farside

Fidelity also joined the wave. It sold 479 BTC worth $32.81 million and 11,710 ETH worth $23.95 million.

Grayscale disposed of 446 BTC worth $30.51 million and 9,790 ETH worth $20.04 million. The numbers painted a clear picture of widespread institutional de-risking.

Bitwise and ARK 21Shares were not far behind. Bitwise sold 483 BTC worth $33.10 million alongside 2,500 ETH worth $5.12 million.

ARK 21Shares offloaded 445 BTC worth $30.45 million. VanEck contributed a smaller 35 BTC, valued at $2.42 million.

Crypto Patel noted that U.S. Bitcoin ETFs sold roughly six days’ worth of mined Bitcoin supply in a single day.

ETF FLOWS: US SPOT CRYPTO ETFs FLOWS DATA UPDATE (26-03-2026):

🟥 Bitcoin ETFs: -2,500 $BTC (-$171.22M)
🟥 Ethereum ETFs: -45.24K $ETH (-$92.54M)
🟥 SOLANA ETFs: -12.14K $SOL (-$1.04M)
🟩 ChainLink ETFs: +17.75K $LINK (+$156.78K)
🟩 $LTC, $DOGE, $DOT, $HBAR, $AVAX Flows Was… https://t.co/maCrOlcuVA pic.twitter.com/DKIwvbQWYk

— Crypto Patel (@CryptoPatel) March 27, 2026

Bitcoin and Ethereum Prices Slide as Selling Pressure Builds

Bitcoin was trading at $68,624 at press time, down 2.01% in the past 24 hours and 2.79% over the past week, per CoinGecko data.

Market analyst KillaXBT flagged the price structure as bearish well before the drop. He warned that losing the weekly open at $67,900 could push prices down toward $65,000.

A hold above that level, he noted, could still open a path to $69,500.

Ethereum followed a similar trajectory. ETH was priced at $2,062 at press time, reflecting a 2.72% 24-hour decline and a 3.62% weekly drop.

The token traded within a 24-hour range of $2,036 to $2,123 and a weekly range of $2,035 to $2,185.

Adding to the selling pressure, on-chain analytics platform Lookonchain reported that an Ethereum ICO participant sold 11,552 ETH worth $23.42 million at roughly $2,027 per token.

The wallet originally bought 38,800 ETH during the ICO for just $12,000 at $0.31 each.

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Whale Liquidations Add to the Crypto Market Turbulence

The market drop also triggered notable liquidations.

Lookonchain flagged that trader Machi, known on X as @machibigbrother, had his Bitcoin and Ethereum long positions fully liquidated during the downturn.

He had deposited $500,000 USDC just three days prior. By the time the losses settled, only $138,000 remained in his account, bringing his cumulative losses to $30.75 million.

Due to the market drop, Machi(@machibigbrother)'s $BTC and $ETH longs have been fully liquidated again!

He deposited 500K $USDC just 3 days ago and now only has $138K left, with total losses reaching $30.75M.

But he didn’t give up — he opened another 25x long on 1,600… pic.twitter.com/OoG8pL7G0Q

— Lookonchain (@lookonchain) March 26, 2026

Despite that, Machi did not exit the market. He opened a fresh 25x leveraged long on 1,600 ETH, valued at $3.33 million.

Solana ETFs also recorded outflows of $1.04 million. Chainlink was the only bright spot, registering inflows of $156,780. Litecoin, Dogecoin, Polkadot, Hedera, and Avalanche ETFs all recorded zero flows for the day.