On June 10, 2026, the BlackRock ETF executed significant on-chain portfolio rebalancing, selling $230 million worth of Bitcoin while purchasing $17.7 million in Ethereum. This activity occurred amid sustained outflows from the iShares Bitcoin Trust (IBIT), extending its selling streak to 13 days. Bitcoin’s price was $61,242 at the time, with a market dominance of 58.33%.
The BlackRock ETF reportedly sold 3,671 Bitcoin valued at around $230 million while purchasing 10,566 Ethereum with a market value of $17.71 million. According to Ash Crypto on X, this institutional rebalancing illustrates ETF-led crypto asset reconfiguration during heightened market volatility.
The Ethereum purchase pushed the total inflow of ETH in the associated wallet account past 10,000 tokens. This indicates institutions like BlackRock are actively trading their ETF-based crypto portfolios to navigate the current macro environment.
The iShares Bitcoin Trust (IBIT) experienced a $440.3 million outflow on June 1, extending its selling streak to 11 consecutive days. Outflows increased to $342.3 million on June 3, pushing the streak to 13 days.
Over $1.4 billion in weekly outflows have been recorded in the Bitcoin ETF segment, representing intensifying redemptions. Bitcoin was trading at $61,242 with a daily trading volume of $41.62 billion and a market capitalization of $1.23 trillion.
Bitcoin’s market dominance was 58.33% as it saw a daily decrease of 3.45%. The situation shows active institutional repositioning amid increased macro volatility and trading volumes.
