BlackRock’s IBIT sells 2,610 Bitcoin valued at $257M
Crypto Briefing
BlackRock clients sold 2,610 Bitcoin, valued at $257 million, reflecting significant institutional outflows.Summary
BlackRock clients sold 2,610 Bitcoin, valued at approximately $257 million, on Thursday, representing a substantial outflow from the asset manager's crypto holdings. This transaction is driven by client redemptions and portfolio adjustments amid market volatility, as BlackRock transfers Bitcoin to exchanges to facilitate these sales. This outflow is part of a broader trend, as other major asset managers like Fidelity and Grayscale also reported similar client-initiated sales, coinciding with US-listed spot Bitcoin ETFs recording about $867 million in net outflows on November 13.
(Source：Crypto Briefing)