BEARISH 72 Crypto Briefing 52M ago · 1 min read

BlackRock sells $405M in Bitcoin as IBIT ETF redemptions pile up

AI summary

BlackRock sold $405 million worth of Bitcoin as redemptions from its IBIT spot Bitcoin ETF continued to accumulate. The outflow points to institutional investors pulling money from Bitcoin ETFs, which the report ties to possible broader market volatility. Traders watch IBIT flows closely because large redemptions can add sell pressure on spot BTC and weigh on short-term sentiment.

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1 linked story · 1 outlet · since 17 Oct

52M AGO

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BlackRock sells $405M in Bitcoin as IBIT ETF redemptions pile up

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