Wall Street institutions sell over $200M in BTC, ETH

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Wall Street institutions sell $200M in BTC

Key takeaways

- Wall Street firms sold over $200M in BTC and ETH in the past week.

- BlackRock sold 19,504 ETH ($82.7M) and 490 BTC ($68.7M); Fidelity sold 17,536 ETH ($74.3M).

- Bitcoin trades at $115,527 (+0.28% daily, -2.33% weekly); Ethereum at $4,285 (-0.16% daily).

- Despite sales, BlackRock still holds 749,500 BTC, signaling long-term commitment.

- Ark’s Cathie Wood remains bullish, forecasting $1.5M BTC in future years.

BlackRock sold 19,504 ETH worth about $82.7 million in one of its largest Ethereum disposals this year, while Fidelity unloaded 17,536 ETH valued at $74.3 million. Bitcoin holdings also came under pressure: Ark 21Shares sold 559 BTC, worth $64.4 million.

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BlackRock also reduced its Bitcoin exposure by 490 BTC, or $68.7 million.

Bitcoin ETF Flow. Source: Farside Investors

Market impact and investor sentiment

Despite these sales, Bitcoin’s price has remained relatively steady, last trading at $115,527, up 0.28% in 24 hours but down 2.33% over the week. Ethereum traded at $4,285, down 0.16% over the day, struggling to regain upward momentum. Combined, the disposals represent a fraction of total institutional holdings—BlackRock still owns roughly 749,500 BTC—but they have amplified market jitters at a time when liquidity is declining.

The timing of these outflows is significant. Bitcoin recently triggered a “Death Cross,” a bearish technical signal that suggests a potential rotation of capital away from the cryptocurrency. ETF flows in August have largely been negative, raising questions about whether institutional selling reflects short-term rebalancing or a broader shift in allocation strategy.

Long-Term Outlook Remains Divided

While recent actions suggest caution, not all institutional voices are pessimistic. Cathie Wood of Ark Invest, despite selling BTC through her firm’s ETF, has reiterated a bullish stance, predicting Bitcoin could eventually surge to $1.5 million as corporate adoption deepens. Supporters argue that large holders like BlackRock are trimming positions as part of normal portfolio management rather than abandoning crypto altogether.

For now, retail demand and resilient trading volumes have helped limit downside pressure. Still, if institutional outflows persist, they may cap Bitcoin and Ethereum’s near-term recovery potential, leaving markets sensitive to both macroeconomic catalysts and fund allocation trends.

We also informed that Bitcoin steadies as altcoins post mixed performance.

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