Among the notable developments in the virtual currency market. According to on-chain data tracked by Whale Insider and Arkham Intelligence, BlackRock customers sold 26,610 Ethereum worth approximately $91.09 million. This decline marks one of the biggest ETH moves associated with institutional portfolios in recent weeks. Questions have arisen about the change in sentiment among major investors. Transaction was detected on Coinbase Prime. This suggests that these sales were carried out through custodial accounts associated with BlackRock’s institutional clients, rather than through BlackRock’s direct holdings.
BlackRock’s Ethereum exposure remains large
Despite the drop, BlackRock still holds about 3.9 million ETH, worth about $13.6 billion, according to Arcam data. Ethereum remains the core of the company’s overall crypto exposure. In second place after Bitcoin, BlackRock holds about 795,743 BTC (estimated worth $81.25 billion). These holdings represent positions across funds, ETFs, and institutional accounts managed by BlackRock.
Just in: BlackRock customers sold $26,610 ETH worth $91.09 million. pic.twitter.com/eObidLhDYW
— Whale Insider (@WhaleInsider) November 13, 2025
These include the IBIT Bitcoin ETF and the recently launched ETHA Ethereum ETF. Both funds have seen a surge in trading volumes as institutional demand for digital assets increases. However, the recent ETH sale has attracted market attention due to its timing. This comes just days after Bitcoin ETFs saw record inflows. Meanwhile, $107 million was lost from the Ethereum ETF, according to CoinShares.
Institutional investors adjust exposure
On-chain data reveals that ETH is being leaked from addresses linked to BlackRock. These were collected through Coinbase Prime for exchanging wallets over the past 24 hours. The largest single transfer included 5,745 ETH, worth approximately $20.4 million. BlackRock’s Ethereum ETF address (0x9e7) submitted to Coinbase.
Although the company has not released an official statement, analysts believe the move reflects a portfolio rebalancing rather than a bearish exit. Large funds frequently adjust their cryptocurrency allocations based on performance, liquidity, or customer redemptions. Market observers have noted that ETH is under pressure following Bitcoin’s recent dominance. Traders are returning to BTC following last week’s spot ETF inflows.
ETH market reacts cautiously
The price of Ethereum showed gradual fluctuations in response to this report, briefly falling below $3,450, and then hovering around $3,480. The market’s muted reaction suggests traders view the selloff as a routine correction rather than a bearish signal. Still, some investors are interpreting the decline as a sign of institutional caution ahead of a major macroeconomic event.
Furthermore, the approval of Ethereum ETFs in Asia may be delayed. Despite short-term selling pressure, Ethereum continues to maintain strong institutional interest. Due to its advantages in smart contracts, DeFi, and tokenization infrastructure. It’s an area that BlackRock CEO Larry Fink himself recently described as “the next frontier of finance.”
big picture
BlackRock’s client selloff highlights how institutional dynamics are influencing the crypto market more than ever. Despite some funds reducing their exposure, overall adoption continues to deepen among large financial players. The company’s crypto assets still exceed $94 billion. BlackRock remains a market-defining player. His every move now shapes investor sentiment on Wall Street and across Web3.
