BlackRock sells $71.78 million in Bitcoin as ETF redemptions pile up

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BlackRock sold approximately $71.78 million in Bitcoin as redemptions from its spot Bitcoin ETF continued to accumulate. The reported outflow signals weakening demand for the fund and adds near-term selling pressure, though a single issuer’s activity does not establish a broader trend. Further ETF flows will be important to gauge whether institutional demand is recovering or remains subdued.

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