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BlackRock Bitcoin ETF sees $403M client outflow, adding market supply

BlackRock Bitcoin ETF sees $403M client outflow, adding market supply
AI summary

Clients of BlackRock's spot Bitcoin ETF sold $403 million worth of Bitcoin, marking a sizable outflow from the fund. The redemption adds supply to the market and could weigh on Bitcoin's price if buyer demand does not absorb it. Traders watch ETF flows as a proxy for institutional demand, so a large exit from the largest issuer is a meaningful signal.

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