BlackRock Signals $270M Bitcoin, Ethereum Sell-Off as $2.4B in Crypto Options Expire

February 21, 2026
2:36 am

BlackRock Signals $270M Bitcoin, Ethereum Sell-Off as $2.4B in Crypto Options Expire

BlackRock deposited $270 million in Bitcoin and Ethereum to Coinbase — Source: CoinGape

BlackRock deposited 2,563 BTC and 49,852 ETH to Coinbase, likely in a bid to offload these coins.
This follows the outflows that the crypto ETFs recorded yesterday.
$2.4 billion in crypto options are set to expire today.

BlackRock, the world’s largest asset manager, looks set to offload Bitcoin and Ethereum following the net daily outflows that the crypto ETFs recorded yesterday. This comes as $2.4 billion in crypto options expire, another development that could trigger market volatility.

Arkham data shows that the asset manager deposited 2,563 BTC, worth around $173 million, and 49,852 ETH, worth $97 million, to…

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