BlackRock, Fidelity, and ARK 21Shares clients sell $396 million worth of Bitcoin
Key Takeaways
- $396 million worth of Bitcoin was sold today by clients of BlackRock, Fidelity, and ARK 21Shares, indicating a large-scale institutional outflow.
- The sales occurred through major Bitcoin exchange-traded funds (ETFs), reflecting institutional reactions to market volatility and economic signals.
BlackRock, Fidelity, and ARK 21Shares clients sold $396 million worth of Bitcoin on Wednesday, marking significant institutional outflows from major crypto exchange-traded funds.
The coordinated selling across multiple Bitcoin ETFs reflects institutional response to market volatility and economic signals. BlackRock, a prominent asset management firm, has been actively managing Bitcoin exchange-traded funds using strategies including volatility-based trading approaches.
Recent patterns show Bitcoin outflows from major ETFs often coincide with options expirations and federal monetary policy updates.
ARK 21Shares, which specializes in crypto ETFs, has shown recent activity in Bitcoin holdings adjustments alongside other institutional players responding to market conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: XRP's Lack of Movement Spurs Digitap and Avalon X to Emerge as New Payment Challengers
- XRP struggles to recover despite Evernorth's $1B treasury plan, trading 27% below 2025 highs amid bearish technical indicators. - Digitap (TAP) and Avalon X (AVLX) emerge as XRP alternatives, offering faster payments and real-estate tokenization with presale growth exceeding $1M and 100% respectively. - Institutional XRP adoption faces regulatory risks from SEC lawsuits, while Ripple's RLUSD stablecoin gains $789M market cap as a liquidity alternative. - Market shifts toward innovative use cases like TAP
ICP faces the $3.00 psychological threshold: Can this support level remain intact?
- ICP dropped 3.2% to $2.9891 after failing to break above $3.15, triggering technical sell-offs and heightened volatility. - Trading volume surged 290% during the selloff, with prices consolidating below $3.04 support amid bearish momentum. - Market focus remains on $2.97–$3.15 range, with analysts warning of further declines if key support levels collapse. - Broader crypto markets face macroeconomic uncertainties, contrasting with positive earnings in semiconductors and financial sectors. - Traders empha
Hyperliquid News Today: BlockDAG Buzz Faces Questions—Will Presale Triumph Lead to Real-World Adoption?
- BlockDAG's $430M presale and hybrid DAG+PoW architecture position it as a 2025 crypto contender, with 312K token holders and planned Binance AMA fueling listing speculation. - Critics highlight transparency gaps, delayed timelines, and limited security audits (only vesting contracts reviewed), despite 20K+ miners and "Genesis Day" adoption goals. - Competitors like Hyperliquid (ETF filing) and Chainlink ($30 price forecasts) emphasize institutional traction, contrasting BlockDAG's speculative hype-driven
Solana News Update: BONK Faces Turning Point as Bullish Signals Meet Strong Bearish Barriers While Solana Trading Volume Soars
- Solana-based meme coin BONK stabilizes near $0.000014 support, with 71% surge in trading volume above seven-day average amid market rebound. - Technical indicators show conflicting signals: RSI near 40 suggests fading bearish momentum, while MACD bullish crossover sparks short-term optimism. - BONK's Solana infrastructure and $3B ecosystem revenue position it as a key meme coin, contrasting with FLOKI/PEPE's similar but less institutionalized trajectories. - Market remains divided on $0.0000143 breakout
Trending news
MoreCrypto prices
More
