After a month of steady Bitcoin buys, BlackRock crypto finally blinked. The firm sent 4,113 BTC—just over $429 million—to Coinbase Prime, its first sell since its ETF launched.
Hours later, its IBIT fund clocked $430.8 million in outflows, the highest to date.
The ripple spread quickly. Eleven spot Bitcoin ETFs posted combined net outflows of $616 million, marking a second straight day of retreat. So what’s BlackRock up to? And what are their grander crypto plans in the market?
The Rise of Larry Fink And BlackRock Crypto
BlackRock is the Orwellian Big Brother that has only recently become more mainstream.
In 2008, BlackRock was the company the US government hired to fix the housing crisis. The whole US government was dependent on BlackRock CEO Larry Fink. This gave Fink power that other billionaires can only dream of.
Fink didn’t inherit his empire; he began like any regular Joe. The difference was his mindset defied the ordinary.
“Larry was obsessed with having control,” as described by those around him.
BlackRock Chairman and CEO Larry Fink writes in the @FT that the old economic model is coming apart. So what comes next? Read his latest op-ed about the emerging second draft of globalization, built not just to generate prosperity, but to aim it towards the people and places left… pic.twitter.com/qJu20i2MMg
— BlackRock (@BlackRock) June 3, 2025
Fink honed his craft on Wall Street, and it was all uphill from there. He swiftly achieved legendary status, steering his company to over $1 billion in profits within a few short years.
In the early 90s, Larry Fink would find his holy grail: Aladdin, the software titan of BlackRock.
Armed with a network of 5,000 computers, Aladdin is an AI system that dissects markets and conducts risk analyses with razor-sharp precision. This system keeps BlackRock 2 steps ahead.
BlackRock’s Grand Crypto Plans
Did you also know BlackRock owns major shares of the top 5 Bitcoin miners?
Riot Blockchain, Cipher Hut, Marathon Digital, TeraWulf… who pops up on every major shareholder list?
BlackRock and Vanguard.
BlackRock’s assets just hit an all-time high of $11.5 trillion.
They claim they’re just a passive investor — but they’re profiting off every part of your life, concentrating money and power in the hands of the ultra-rich. pic.twitter.com/6a9zpqErar
— More Perfect Union (@MorePerfectUS) October 11, 2024
BlackRock doesn’t technically own this Bitcoin; they manage it for their customers.
You buy BTC from their ETF; it’s technically yours, not theirs. Sounds fair, right?
The problem is that having this much BTC under control has given Larry Fink and BlackRock four distinct advantages that will tilt the scales of how Bitcoin operates going forward. Here’s how
1. Selling Your BTC to BlackRock doesn’t give it back.
Even when the market had its reddest days over the summer and before Trump got in, BlackRock reported no ETF outflows.
This means their customers strangely kept buying even though the entire market was selling. They were more likely to buy back BTC customers who sold.
2. Market Manipulation.
It’s not like BlackRock is a benevolent Wall St. tyrant; they’ve been caught trying to manipulate the markets before.
Market manipulation isn’t some nebulous cheat code; whoever has the most money can tilt the markets in their favor, as BlackRock has been caught doing things like price suppression and dumping only to re-buy.
Final Thoughts on BlackRock Crypto
In their Global Outlook report, BlackRock said three trends will define the new era of investing: 1) Aging populations will cause governments to increase debt and deficits, leading to higher inflation. 2) Fractured trust between global superpowers will lead to the proliferation of trade and currency wars, creating volatility.
And 3) a digital economy, artificial intelligence, and automation will transform businesses, investments, and society in new, uncontrollable, and chaotic ways.
It’s eerie to hear BlackRock talking like this. It seems more like an Alex Jones rant.
But this is why BlackRock is more powerful than Vanguard
They’ve woken up and smelled the coffee. They know where the world is heading and are 10 steps ahead of the competition.
DISCOVER: 7 High-Risk High-Reward Cryptos for 2025
Key Takeaways
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After a month of steady Bitcoin buys, BlackRock crypto finally blinked. The firm sent 4,113 BTC—just over $429 million—to Coinbase Prime.
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Across the globe, both sovereign states and corporations are ramping up their Bitcoin holdings, often in defiance of traditional financial institutions and regulatory bodies.
The post BlackRock Crypto And Their Secret Agenda Exposed – What We Know appeared first on 99Bitcoins.
