Summary
- It was reported that BlackRock deposited 4,113 Bitcoin into Coinbase Prime.
- These assets were confirmed to have been withdrawn from BlackRock's spot Bitcoin ETF, IBIT.
- The end of BlackRock's Bitcoin buying streak could create selling pressure in the market.
BlackRock, an issuer of spot Bitcoin (BTC) exchange-traded funds (ETFs), appears to have started selling Bitcoin.
On the 3rd (KST), the virtual asset (cryptocurrency) media outlet Cryptopolitan reported, citing data from Arkham Intelligence, that BlackRock deposited 4,113 Bitcoin (approximately $430 million) into Coinbase Prime.
It was confirmed that these assets were withdrawn from BlackRock's spot Bitcoin ETF, IBIT.
Cryptopolitan stated, “BlackRock's streak of Bitcoin purchases has ended,” and added, “This could act as selling pressure in the market.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
