🚨 BLACKROCK SOLD $213.23 MILLION WORTH OF BITCOIN! 😳
Last night, BlackRock’s Bitcoin ETF (IBIT) recorded approximately $213.23 million in outflows, marking its seventh consecutive day of withdrawals.
Here's what happened:
BlackRock's IBIT saw $213.23M in outflows.
U.S. Spot Bitcoin ETFs collectively recorded $201M in net outflows on November 9.
BlackRock also transferred 5,320 BTC (worth around $396.49M) to Coinbase.
What does this mean for BTC?
Institutional demand is showing weakness, and continued ETF outflows could put additional pressure on Bitcoin's price.
⚠️ Note: ETF outflows mean investors are withdrawing funds; they don't necessarily mean BlackRock is personally bearish on Bitcoin.
🚨 BLACKROCK IS SELLING MILLIONS IN BITCOIN! IS ANOTHER BTC CRASH COMING? 👀
One correction: The $78.24M figure isn't confirmed by the sources I found. The reported IBIT outflow was $213.23M.
Last night, BlackRock’s Bitcoin ETF (IBIT) recorded approximately $213.23 million in outflows, marking its seventh consecutive day of withdrawals.
Here's what happened:
BlackRock's IBIT saw $213.23M in outflows.
U.S. Spot Bitcoin ETFs collectively recorded $201M in net outflows on November 9.
BlackRock also transferred 5,320 BTC (worth around $396.49M) to Coinbase.
What does this mean for BTC?
Institutional demand is showing weakness, and continued ETF outflows could put additional pressure on Bitcoin's price.
⚠️ Note: ETF outflows mean investors are withdrawing funds; they don't necessarily mean BlackRock is personally bearish on Bitcoin.
🚨 BLACKROCK IS SELLING MILLIONS IN BITCOIN! IS ANOTHER BTC CRASH COMING? 👀
One correction: The $78.24M figure isn't confirmed by the sources I found. The reported IBIT outflow was $213.23M.
