Bitcoin ETF markets saw heavy institutional selling pressure return on Friday. BlackRock clients withdrew approximately 1,722 BTC and 22,638 ETH from the firm's trading desks, driving total crypto outflows above $136 million. According to data shared by Crypto Patel, the average selling price for Bitcoin was roughly $79,098 per coin, while Ethereum changed hands near $2,224 per coin. Macro volatility and rate uncertainty prompted large asset allocators to trim their digital asset exposure.
ETF Bloodbath: BTC and ETH Both Hit
Bitcoin ETF net outflows reached $136.25 million, corresponding to the 1,722 BTC sold. Ethereum products also recorded meaningful redemptions — 22,638 ETH worth approximately $50.35 million exited institutional portfolios during the same session. However, the broader positioning remains historically elevated. BlackRock's IBIT product alone still holds 817,138 BTC, valued near $63 billion. On the Ethereum side, combined ETHA and ETHB holdings exceed 3.38 million ETH, worth about $7.2 billion.
Staked ETH Stands Firm at 226,809
A key detail is BlackRock's Ethereum staking allocation, which now exceeds 226,809 ETH (estimated value ~$480 million). Staking implies longer-term commitment and differs sharply from speculative short-term trading. It reflects growing institutional trust in Ethereum's yield-generating ecosystem. The outflow activity should be viewed as tactical portfolio rebalancing, not a strategic exit.
While temporary outflows made headlines, the underlying holdings data confirms that asset managers remain deeply embedded in digital assets. ETF flows, staking allocations, and rebalancing now shape crypto liquidity dynamics far more than retail-driven exchange trading in previous cycles. Macro headwinds — rate uncertainty, liquidity tightening — can still spark short-term redemptions, but institutional positioning has not structurally reversed.