BlackRock starts the week with outflow of these two cryptocurrencies

Cryptocurrency Mar 23, 2026

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.

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.

Similarly, Ethereum price jumped 2.67% in the past 24 hours to trade at about $2,136 on Monday.

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.

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