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The post Bitcoin (BTC) News: Why BlackRock Sold $1 Billion in Bitcoin appeared first on 24/7 Wall St..

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BlackRock’s $1.01 billion in Bitcoin sales last week was not a bearish bet. It was the iShares Bitcoin Trust (IBIT) settling investor redemptions, with roughly 15,000 BTC sent in daily deposits to Coinbase Prime to meet ETF outflows. So, the selling came from BlackRock’s customers,

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