#BTC
BlackRock’s claim to “liquidate all bitcoin holdings” is inaccurate.
On September 15, ETF outflows of 450 million were the largest single-day in the past three months, but those were investor redemptions. BlackRock must sell the corresponding amount of bitcoin to cover the redemptions.
It wasn’t an intentional sell-off; it was mechanical execution.
If clients want to leave, the fund has to sell. This isn’t BlackRock being bearish—it’s the process.
BlackRock’s claim to “liquidate all bitcoin holdings” is inaccurate.
On September 15, ETF outflows of 450 million were the largest single-day in the past three months, but those were investor redemptions. BlackRock must sell the corresponding amount of bitcoin to cover the redemptions.
It wasn’t an intentional sell-off; it was mechanical execution.
If clients want to leave, the fund has to sell. This isn’t BlackRock being bearish—it’s the process.
