BlackRock Bitcoin ETF sells $127M in Bitcoin
Key Takeaways
- BlackRock clients divested $127 million in Bitcoin on November 7.
- This marks another major outflow from the asset manager's crypto holdings.
BlackRock clients pulled $127 million from the firm’s Bitcoin ETF on Friday, marking another sizable outflow from the asset manager’s cryptocurrency holdings.
BlackRock, a prominent asset manager, has experienced a series of Bitcoin outflows in recent periods, raising questions about shifting institutional sentiment toward crypto assets.
Investors are monitoring BlackRock’s asset transfers to exchanges as potential indicators of broader market adjustments. Other major asset managers have also reported client-driven Bitcoin sales, reflecting portfolio rebalancing in volatile conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Astar 2.0: Is This a Strong Opportunity for Institutional Investors to Enter?
- Astar 2.0 upgrades blockchain scalability via Polkadot's async protocol, cutting block time to 6 seconds and boosting TPS to 150,000. - Institutional adoption grows with $3.16M ASTR purchase, 20% QoQ wallet growth, and partnerships with Sony , Casio, and Japan Airlines. - Cross-chain liquidity via Chainlink CCIP and hybrid architecture position Astar as a bridge between decentralized innovation and enterprise needs. - Analysts project ASTR could reach $0.80–$1.20 by 2030, though liquidity constraints and
Bitcoin Bounces Back as Trump’s $2,000 Dividend Plan and Michael Saylor’s Hint Spark Market Optimism
Will Political Calm Push ETH Price Toward $4,000?
Vitalik Buterin's Latest Advocacy for ZK Technology in Ethereum: Evaluating the Impact of ZK on Ethereum's Future Scalability and Investment Potential
- Vitalik Buterin prioritizes ZK proofs to enhance Ethereum's scalability, privacy, and quantum resistance amid institutional demand and post-AGI risks. - Ethereum's "Lean Ethereum" upgrades remove modexp precompiles and adopt GKR protocol, boosting TPS and quantum security while temporarily affecting gas fees. - ZK layer 2 solutions like Lighter (24k TPS) and ZKsync (15k TPS) drive institutional adoption, with 83% of enterprise smart contracts now using ZK-rollups. - ZK-driven infrastructure (ZKsync, Star
Trending news
MoreCrypto prices
More
