BlackRock trimmed its crypto ETF exposure on March 25, selling $70.7 million in Bitcoin ETFs and $33.4 million in Ethereum ETFs, data from Farside Investors show. The selling coincided with Bitcoin sliding to roughly $69,000 that day after failing to clear the $71,000 resistance. Market snapshot (CoinGecko): - Bitcoin: down nearly 3% in 24 hours, 0.7% over the past week, 0.6% on the 14-day chart, and about 21% lower versus March 2025 — yet roughly 10% higher than one month ago. - Ethereum: holding near the $2,000 level but off nearly 5% in 24 hours and 3.8% on the week; ETH is up about 0.7% year-over-year from March 2025. Why this matters ETF flow changes from a major manager like BlackRock are a useful read on institutional sentiment. Bitcoin has struggled to build momentum in recent months, and a mix of geopolitical and macro forces appears to be weighing on risk assets. Fresh selling pressure from the US–Iran tensions — amplified after public comments from former President Trump suggesting the possibility of "boots on the ground" if the situation escalates — has pushed some investors toward safer positions. Macro headwinds are also relevant: markets are pricing a higher probability that interest rates will remain unchanged, which tends to reduce risk-taking as borrowing costs stay elevated. That risk-off posture has dampened appetite for crypto, contributing to price stagnation despite pockets of resilience. Further reading: “You’re Still Early For Bitcoin,” BlackRock’s Jay Jacobs. Read more AI-generated news on: undefined/news
