BlackRock starts the week with outflow of these two cryptocurrencies
BlackRock starts the week with outflow of these two cryptocurrencies 
Cryptocurrency Mar 23, 2026 Share
BlackRock started the week of March 23 with more than $77 million in net cash outflow from its two spot exchange-traded funds (ETFs).
On Monday, the company’s iShares Bitcoin Trust (IBIT) registered a net outflow of 658 Bitcoin BTC, which is worth about $46 million at press time. As such, IBIT recorded the largest cash outflow compared to the other issuers of spot Bitcoin ETFs, according to metrics shared by on-chain analytics platform Lookonchain.
Spot ETH ETF flow on March 23. Source: Lookonchain
Nonetheless, IBIT registered a net cash inflow of about 2,471 BTC in the past seven days to increase its net holdings to around 781,651, valued at over $54.7 billion. Meanwhile, BlackRock’s iShares Ethereum Trust ETF (ETHA) recorded a net outflow of 14,802 Ethereum (ETH), which is worth about $31.74 million at the time of publication.
Spot ETH ETF flow on March 23. Source: Lookonchain
As a result, ETHA investors have sold 35,041 ETH, during the past seven days, worth about $75.12 million. This fund currently holds 3,167,035 ETH, which has a notional value of $6.79 billion.
BlackRock’s crypto outflow coincides with bullish sentiment
The significant cash outflow from BlackRock’s IBIT and ETHA coincided with a sudden market rebound today. Bitcoin price gained over 2.36% during the past 24 hours to trade at around $70,410 at the time of this publication.
BTC/USD 24hr chart. Source: Finbold
Similarly, Ethereum price jumped 2.67% in the past 24 hours to trade at about $2,136 on Monday.
ETH/USD 24hr chart. Source: Finbold
The notable crypto rally on Monday, which was catalyzed by the announcement from President Donald Trump of a potential deal between the United States and Iran, outweighed the impact of the net cash outflows from spot ETFs.
