BlackRock registered a $61.5 million Bitcoin sale through its ETF, triggering a heated debate among analysts about exchange-traded fund flows and the short-term demand for the asset.
BlackRock’s on-chain portfolio is constantly tracked by Arkham. It currently stands at around $69.66 billion in total value, with Bitcoin accounting for approximately $63 billion of that figure. Ethereum appears as the second most significant position, representing close to $6.66 billion.
BREAKING :
🇺🇸 Blackrock ETF has sold $61,500,000 in Bitcoin pic.twitter.com/nYI0IEllH5
— Ash Crypto (@AshCrypto) May 21, 2026
Historical data shows that the portfolio once surpassed $110 billion at its peak, before retreating to a range of between $55 billion and $80 billion. From that floor, the data reflects a partial recovery that brought the balance back toward $70 billion, though without reclaiming previous highs.
Analysts warn that a single transaction is not enough to confirm a strategy shift at the BlackRock fund. However, given Bitcoin’s weight within the portfolio, any BTC movement directly impacts the aggregate balance. To declare a sustained trend reversal, the market is waiting for more consistent capital inflow signals.
Source: https://x.com/AshCrypto/status/2057315076844179863
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