On-chain tracking data shared by Lookonchain shows that addresses associated with BlackRock’s Bitcoin ETF have recorded net Bitcoin outflows for 10 consecutive trading days. The cumulative outflow reached 35,980 BTC, equivalent to roughly $2.24 billion based on the referenced valuation. The update highlights a notable short-term shift in wallet balances tied to the ETF structure and has brought BlackRock-related flows back into market focus. At this stage, the report is limited to the disclosed on-chain figures and does not add broader interpretation beyond the observed address movements.
BlackRock ETF-linked addresses post consecutive net outflows
According to on-chain monitoring by Lookonchain, addresses associated with BlackRock’s Bitcoin ETF have recorded net Bitcoin outflows for 10 consecutive trading days. The cumulative outflow was reported at 35,980 BTC, valued at approximately $2.24 billion at the time of the update. Based on the disclosed wording, the data reflects a sustained reduction in Bitcoin holdings across wallet addresses tracked as related to the BlackRock ETF structure.
Key figures from the disclosure
The report centers on three core data points. First, the streak of net outflows lasted 10 trading days. Second, the cumulative amount withdrawn reached 35,980 BTC. Third, the estimated dollar value of those outflows was about $2.24 billion. The source of the update was Lookonchain’s post on X, available at: https://x.com/lookonchain/status/2073041859958710700. No additional figures were provided in the source text beyond the address-level monitoring data.
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