BlackRock Sells $230 Million in Bitcoin and Buys Ethereum: What Is Really Going On?

BlackRock sold 3,671 BTC worth roughly $230 million and bought 10,566 ETH worth about $17.71 million in a notable on-chain rebalancing move. The shift lands during one of the most volatile stretches of 2026 for both Bitcoin and Ethereum, with heavy ETF outflows hitting BlackRock’s flagship products. How BlackRock ETF Flows Tell a Bigger Story