BlackRock Ethereum holdings see $1.32bn in monthly outflows
On-chain analytics service Lookonchain tracked 580,145 ETH leaving BlackRock-linked wallets over a 30-day period.
Key takeaways
- 1Lookonchain reported 580,145 ETH moved out of BlackRock-linked wallets over the past month.
- 2The total value of the Ethereum outflows is estimated at $1.32 billion.
- 3Ether traded at $2,282.48 with a market capitalisation of $278.8 billion as of 2 November 2026.
BlackRock recorded continuous Ethereum outflows totaling 580,145 ETH over the past month, according to findings from the on-chain analytics service Lookonchain published on 2 November 2026. The steady series of withdrawals from blockchain wallets linked to the asset manager represents a cumulative redemption value of approximately $1.32 billion over the 30-day window.
Lookonchain tracked the outgoing transfers directly from public blockchain addresses identified as belonging to BlackRock's custody storage. The analytics firm said the outflows occurred consistently over the course of the month rather than during a single sell-off event, reducing the total amount of Ether backing the asset manager's holdings.
Ether is the native cryptocurrency of the Ethereum blockchain and the second-largest digital asset by market value behind Bitcoin. Data from YourKhabri shows Ether traded at $2,282.48 on 2 November 2026, marking a 1.0 percent increase in 24 hours with a total market capitalisation of $278.8 billion. Spot investment vehicles give institutional buyers direct exposure to the underlying token.
The sustained outflows point to a cautious stance among institutional investors on Ether, moving capital out of regulated exchange-traded products. Market participants will watch upcoming daily flow reports to see if redemptions ease or if similar capital flight affects other fund providers across the broader crypto market.
Also reported by
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.