Ethereum Updates Today: BlackRock’s $1 Billion Move Into Crypto Raises Concerns of Sell-Off and Heightens Market Volatility

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Bitget-RWA2025/11/19 21:43

By:Bitget-RWA

- BlackRock transferred $1B in Bitcoin and Ethereum to Coinbase Prime, sparking sell-off fears amid crypto volatility. - The move coincided with price declines below $100,000 for Bitcoin and $2,900 for Ethereum, with analysts viewing it as a bearish signal amid BlackRock’s recent inactivity in crypto purchases. - Regulatory shifts, like banks now holding Ethereum for gas fees, add uncertainty over institutional management of large crypto movements. - Rising alternative crypto ETFs, such as Solana and XRP f

BlackRock Inc. has transferred more than $1 billion worth of

Bitcoin

and

Ethereum

Coinbase

Prime, fueling speculation about a possible sell-off and drawing increased attention to the asset manager’s approach to crypto during a period of heightened market turbulence. On November 17 and 18, 2025,

blockchain data indicated

, the company deposited 4,880 BTC and 54,730 ETH—valued at around $642 million—into Coinbase’s institutional platform. This came after a previous $198 million transfer of ETH,

prompting speculation

that these actions may represent a calculated reduction in holdings.

The transfers took place as both Bitcoin and Ethereum experienced notable price drops, with Bitcoin

falling below $100,000

and Ethereum approaching support near $2,900. Market analysts have viewed these moves as a negative indicator, pointing out that

BlackRock

, previously known for aggressively acquiring crypto, has not made significant purchases lately. “Given the timing—during a broader market slump—this appears to be more than just routine ETF adjustments,” one observer commented,

suggesting that the firm’s actions could heighten concerns among retail investors

Ethereum Updates Today: BlackRock’s $1 Billion Move Into Crypto Raises Concerns of Sell-Off and Heightens Market Volatility image 0

Recent regulatory changes have added to market uncertainty. The Office of the Comptroller of the Currency (OCC) has recently

authorized banks to hold Ethereum

for gas fees, requiring that these transactions be managed through separate accounts. While this regulatory update could help normalize institutional crypto custody, it has also sparked debate about how banks will handle large-scale digital asset transfers.

Attention on BlackRock’s crypto moves comes as alternative crypto ETFs are gaining momentum, potentially drawing investment away from Bitcoin and Ethereum. VanEck’s

Solana

ETF (VSOL), which launched in November 2025, and

Canary Capital’s XRP ETF (XRPC)

—which recorded $58 million in trading volume on its first day—reflect growing interest in smaller-cap digital assets. At the same time, 21shares and Bitwise have rolled out Solana-based products,

attracting $46 million in inflows

within just one week.

The XRP ETF’s launch was especially significant, as it became the first spot fund for the asset listed in the U.S. Despite a price drop to $2.27 after its debut,

XRPC saw net inflows of $245 million

, largely fueled by institutional investors. This strong demand stands in contrast to the continued outflows from Bitcoin and Ethereum ETFs, highlighting a shift in investor focus toward emerging blockchain networks.

This strong demand stands in contrast to the continued outflows

from Bitcoin and Ethereum ETFs, highlighting a shift in investor focus toward emerging blockchain networks.

The reasoning behind BlackRock’s recent crypto transactions remains unclear, as the company has not offered any public explanation for these large-scale transfers. However, given BlackRock’s reputation as a market trendsetter, its actions are being closely monitored. “Should BlackRock be scaling back its crypto positions, it could add further downward pressure on prices,” one analyst remarked.

The company’s upcoming decisions are expected to play a key role in determining

whether the current downturn in the crypto market will worsen or begin to stabilize.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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