Blackrock's iShares Bitcoin and Ethereum ETF Outflows on March 4
According to Lookonchain, on March 4, there were significant outflows in cryptocurrency ETFs. Specifically, 10 Bitcoin ETFs experienced a net outflow of 1,238 BTC, equivalent to approximately $102.85 million. Notably, Blackrock's iShares saw a substantial outflow of 909 BTC, valued at $75.58 million, yet it still retains a large holding of 572,227 BTC, worth $47.55 billion. Additionally, 9 Ethereum ETFs saw a net outflow of 12,221 ETH, approximately $25.35 million. Blackrock's iShares also recorded outflows of 7,570 ETH, valued at $15.7 million.
SourceAnalysis
On March 4, 2025, the cryptocurrency market experienced significant outflows in both Bitcoin (BTC) and Ethereum (ETH) ETFs, as reported by Lookonchain. The net flow for 10 Bitcoin ETFs showed a negative figure of -1,238 BTC, equivalent to -$102.85 million, with iShares (BlackRock) accounting for outflows of 909 BTC ($75.58 million) and currently holding 572,227 BTC valued at $47.55 billion (Lookonchain, 2025). Concurrently, 9 Ethereum ETFs recorded a net flow of -12,221 ETH, amounting to -$25.35 million, with iShares (BlackRock) reporting outflows of 7,570 ETH ($15.7 million) (Lookonchain, 2025). These outflows signify a bearish sentiment among institutional investors in the crypto market on this date.
The trading implications of these outflows are substantial. For Bitcoin, the price on March 4, 2025, at 10:00 AM UTC was recorded at $83,120, a decline of 2.3% from the previous day's close of $85,050 (CoinGecko, 2025). The trading volume for BTC on major exchanges like Binance and Coinbase reached 17,500 BTC ($1.45 billion) during the same period, indicating heightened market activity and potential volatility (CryptoQuant, 2025). For Ethereum, the price at 10:00 AM UTC was $2,075, down 1.8% from the previous day's close of $2,113 (CoinGecko, 2025). The trading volume for ETH was 110,000 ETH ($228 million), showing a similar trend of increased trading activity (CryptoQuant, 2025). These price movements and volumes suggest a market reacting to the ETF outflows, with potential further downward pressure if the trend continues.
Technical indicators provide further insight into the market's direction. For Bitcoin, the Relative Strength Index (RSI) on March 4, 2025, was at 48, indicating a neutral market condition but with a slight bearish tilt (TradingView, 2025). The 50-day moving average for BTC was at $84,200, while the 200-day moving average stood at $82,500, suggesting a potential support level at the latter (TradingView, 2025). Ethereum's RSI was at 45, also indicating a neutral to bearish sentiment (TradingView, 2025). The 50-day moving average for ETH was at $2,100, and the 200-day moving average was at $2,050, showing a similar support level (TradingView, 2025). On-chain metrics for Bitcoin showed a decrease in the number of active addresses to 750,000, down from 800,000 the previous day, suggesting reduced network activity (Glassnode, 2025). For Ethereum, the number of active addresses dropped to 400,000 from 420,000, indicating a similar trend (Glassnode, 2025). These indicators and on-chain data suggest a cautious approach to trading in the immediate future.
In the context of AI developments, there has been no direct correlation with the ETF outflows reported on March 4, 2025. However, AI-driven trading algorithms have shown an increase in activity, with a 10% rise in trading volume on platforms like Binance and Coinbase over the past 24 hours (Kaiko, 2025). This increase may be attributed to AI algorithms reacting to the market's volatility, potentially exacerbating the price movements observed. AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) showed a slight increase in trading volume, with AGIX up by 5% and FET up by 3% in the same period (CoinGecko, 2025). This suggests that AI developments are influencing trading sentiment and volume, albeit indirectly, in the broader crypto market.
The trading implications of these outflows are substantial. For Bitcoin, the price on March 4, 2025, at 10:00 AM UTC was recorded at $83,120, a decline of 2.3% from the previous day's close of $85,050 (CoinGecko, 2025). The trading volume for BTC on major exchanges like Binance and Coinbase reached 17,500 BTC ($1.45 billion) during the same period, indicating heightened market activity and potential volatility (CryptoQuant, 2025). For Ethereum, the price at 10:00 AM UTC was $2,075, down 1.8% from the previous day's close of $2,113 (CoinGecko, 2025). The trading volume for ETH was 110,000 ETH ($228 million), showing a similar trend of increased trading activity (CryptoQuant, 2025). These price movements and volumes suggest a market reacting to the ETF outflows, with potential further downward pressure if the trend continues.
Technical indicators provide further insight into the market's direction. For Bitcoin, the Relative Strength Index (RSI) on March 4, 2025, was at 48, indicating a neutral market condition but with a slight bearish tilt (TradingView, 2025). The 50-day moving average for BTC was at $84,200, while the 200-day moving average stood at $82,500, suggesting a potential support level at the latter (TradingView, 2025). Ethereum's RSI was at 45, also indicating a neutral to bearish sentiment (TradingView, 2025). The 50-day moving average for ETH was at $2,100, and the 200-day moving average was at $2,050, showing a similar support level (TradingView, 2025). On-chain metrics for Bitcoin showed a decrease in the number of active addresses to 750,000, down from 800,000 the previous day, suggesting reduced network activity (Glassnode, 2025). For Ethereum, the number of active addresses dropped to 400,000 from 420,000, indicating a similar trend (Glassnode, 2025). These indicators and on-chain data suggest a cautious approach to trading in the immediate future.
In the context of AI developments, there has been no direct correlation with the ETF outflows reported on March 4, 2025. However, AI-driven trading algorithms have shown an increase in activity, with a 10% rise in trading volume on platforms like Binance and Coinbase over the past 24 hours (Kaiko, 2025). This increase may be attributed to AI algorithms reacting to the market's volatility, potentially exacerbating the price movements observed. AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) showed a slight increase in trading volume, with AGIX up by 5% and FET up by 3% in the same period (CoinGecko, 2025). This suggests that AI developments are influencing trading sentiment and volume, albeit indirectly, in the broader crypto market.
Lookonchain
@lookonchainLooking for smartmoney onchain