Bitcoin ETF Offload: $93 Million Selling Ends 10-Day Buying Spree

BlackRock, the world’s largest asset manager, has recently sold $93 million worth of Bitcoin ETFs, marking an end to a 10-day buying spree that totaled $1.7 billion. This action, while significant, resulted in a minor decrease for Bitcoin prices. Despite this short-term market reaction, BlackRock maintains its long-term bullish outlook on Bitcoin as a diversifying asset for portfolios.