BlackRock Sees $127M Bitcoin Outflows as Clients Rebalance Portfolios
TLDR BlackRock’s iShares Bitcoin Trust saw $127M in Bitcoin redemptions by clients. The Bitcoin outflows from BlackRock’s ETF totaled about 293 BTC per transaction. BlackRock still holds 796, 000 BTC and 3. 8 million ETH despite the outflows. Redemptions suggest profit-taking or portfolio adjustments amid market volatility. BlackRock’s iShares Bitcoin Trust (IBIT) has seen a significant outflow, [.] The post BlackRock Sees $127M Bitcoin Outflows as Clients Rebalance Portfolios appeared first on CoinCentral.