BlackRock Sells $1 Billion in Bitcoin

BlackRock sells $1 billion in Bitcoin amid ETF losses BlackRock has sold over $1 billion in Bitcoin due to withdrawals from its spot Bitcoin ETF. The selling pressure comes as Bitcoin ETFs experience a six-day losing streak. The transactions are linked to routine

BlackRock sells $1 billion in Bitcoin amid ETF losses

BlackRock has sold over $1 billion in Bitcoin due to withdrawals from its spot Bitcoin ETF.

The selling pressure comes as Bitcoin ETFs experience a six-day losing streak.

The transactions are linked to routine ETF redemption activity rather than a change in BlackRock’s long-term Bitcoin strategy.

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