No, really, it’s over this time. This week BlackRock sold nearly $60M in
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ETFs routed over $430 Mn in crypto to Coinbase Prime, according to Arkham. That coincided with large US ETF outflows:
- Spot Bitcoin ETFs: roughly $709 Mn in net outflows
- Spot Ether ETFs: roughly $298 Mn in net outflows
Those transfers represent redemptions and settlement flows handled by authorized participants, not discretionary dumping. Still, they matter for short-term price action as we could be witnessing a catalyst for a massive dump in Bitcoin.
DISCOVER: 20+ Next Crypto to Explode in 2026
According to CoinGecko, Bitcoin hovered near $90,000 while Ether stabilized around $3,000 after the scare. Glassnode data shows no spike in long-term holder distribution. Meanwhile, DeFi Llama reports stable TVL, suggesting capital rotation rather than flight.
Just days before the panic, spot Bitcoin ETFs logged nearly $844 Mn in net inflows. That context never made it into the viral screenshots, yet it doesn’t hide the fact that investors feel hopeless about this market.
Crypto was better before governments got involved
— Benjamin Cowen (@intocryptoverse) January 21, 2026
Maybe BTC is just an MMO? You make friends and enjoy but eventually it comes to an end. At least that’s how it feels in moments like this; others, like us, see it as good times to dollar cost average into dips for good projects.
This episode is a reminder that crypto remains hypersensitive to institutional narratives, especially anything involving BlackRock.
Operational flows are not exits. But when fear is already in the air, even routine ETF mechanics can shake price.
EXPLORE: King of The Decade? Analyst says Bitcoin Price Returns Will Beat Gold and Silver
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Key Takeaways
- BlackRock Stock’s clientele invests their money to earn yield. Those clients saw that Bitcoin was outperformed by every other asset in 2025.
- Maybe BTC is just an MMO? You make friends and enjoy but eventually it comes to an end.
The post BlackRock BTC USD “Dump” Triggers Panic, ETF Plumbing Still Moves Markets appeared first on 99Bitcoins.
