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Bitcoin ETFs Sell $93M, Ending 10-Day Buying Streak

Solomon M. by Solomon M.
March 31, 2025
in Bitcoin News
Key Takeaways:

  • Bitcoin ETFs offload $93M, ending a 10-day buying spree.
  • Market reacts with minor price decline.
  • BlackRock remains bullish on Bitcoin’s long-term potential.

bitcoin-etfs-sell-93m-ending-10-day-buying-streak
Bitcoin ETFs Sell $93M, Ending 10-Day Buying Streak

BlackRock, the world’s largest asset manager, offloaded $93 million from Bitcoin ETFs, concluding a 10-day buying streak that totaled $1.7 billion as of March 31, 2025.

BlackRock’s offloading of Bitcoin ETFs marks significant market activity, with institutional investors closely monitoring subsequent reactions. The event illustrates BlackRock’s commitment to long-term Bitcoin investments despite short-term market changes.

The offloading interrupted a $1.7 billion buying trend, signaling potential market volatility. BlackRock has integrated Bitcoin into its model portfolios, maintaining a strategic position. Michael Gates reaffirmed BlackRock’s bullish stance on Bitcoin, viewing it as a diversifying asset.

“In portfolios that hold alternatives, we are adding a position in Bitcoin, funded from equities as an additional alternative asset with a fixed supply, with a potentially diversifying source of risk and return.” – Michael Gates, Lead Portfolio Manager, BlackRock

Bitcoin’s price slightly decreased following the offload, reflecting cautious market reception. BlackRock’s iShares Bitcoin Trust remains the largest spot Bitcoin ETF, substantiating continued faith in Bitcoin’s growth. Experts predict institutional interest will support long-term market stability.

Some analysts suggest the ETF offload could be attributed to portfolio rebalancing strategies. Historical trends show similar downturns were temporary, with institutional investors maintaining robust interest. BlackRock’s endorsement signals confidence in Bitcoin’s future prospects.

With assets under management exceeding $50 billion, BlackRock’s support bolsters institutional legitimacy for Bitcoin. This strategic position aligns with long-term growth expectations, as evidenced by BlackRock’s model portfolios and expert endorsements of Bitcoin’s potential.

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Bitcoin ETFs Record $93M Outflow, Ends 10-Day Streak

Solomon M.

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