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.