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$BTC BlackRock is also selling heavily!
In June, it sold $3.55 billion.
Setting a record for the largest outflow in a single month.
ETF buying has completely weakened.
The pressure on institutions isn’t over yet!
BlackRock’s Bitcoin ETF saw outflows of about $3.55 billion in June, setting a record for the largest single-month outflow in history. Previously, ETFs were the biggest BTC buying narrative, but now they’ve become the most obvious source of selling pressure.
BlackRock is seeing outflows.