BlackRock Clients Sell 2,610 Bitcoin Amid Institutional Outflows
- BlackRock clients sold 2,610 Bitcoin valued at approximately $257 million.
- The sale is part of ongoing institutional portfolio adjustments as clients reduce their Bitcoin exposure.
- Consecutive days of Bitcoin outflows have been recorded by BlackRock, driven by client activity rather than the firm’s trading decisions.
- The transaction aligns with broader institutional rebalancing amid market volatility.
- US-listed spot Bitcoin ETFs saw about $867 million in net outflows on November 13.
The recent sale of 2,610 Bitcoin by BlackRock clients highlights significant institutional adjustments in response to market conditions. This movement is part of a larger trend of institutional sales, including substantial outflows from US-listed spot Bitcoin ETFs.
Source (3.2)https://cryptobriefing.com/blackrock-clients-sell-bitcoin-2610/?rand=59535
