BITCOIN DUMPED BY BLACKROCK

speculation arose that BlackRock had dumped $500 million worth of Bitcoin, causing a significant price drop[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://finbold.com/is-blackrock-dumping-bitcoin/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). However, a closer look revealed that the outflows were due to investors redeeming their shares in BlackRock's iShares Bitcoin Trust (IBIT), not BlackRock itself selling Bitcoin[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://finbold.com/is-blackrock-dumping-bitcoin/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). The fund still holds a substantial amount of Bitcoin, and the data contradicts the notion that BlackRock is intentionally dumping its holdings[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://finbold.com/is-blackrock-dumping-bitcoin/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). Instead, the outflows reflect investor-driven ETF redemptions[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://finbold.com/is-blackrock-dumping-bitcoin/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").