The post BlackRock’s IBIT sells 2,610 Bitcoin valued at $257M appeared on BitcoinEthereumNews.com. Key Takeaways BlackRock clients sold 2,610 Bitcoin worth $257 million, showing notable institutional outflows. About $867 million exited US spot Bitcoin ETFs on November 13. BlackRock clients sold 2,610 Bitcoin valued at approximately $257 million on Thursday, marking another huge outflow from the asset management giant’s crypto holdings. The transaction reflects continued institutional portfolio adjustments as clients reduce their Bitcoin exposure. BlackRock, the world’s largest asset manager, has transferred Bitcoin to exchanges in recent sessions to accommodate client redemptions. BlackRock has recorded consecutive days of Bitcoin outflows, with the sales representing client-driven activity rather than the firm’s own trading decisions. The outflows align with broader institutional rebalancing as major asset managers respond to shifting client demand amid market volatility. The $257 million sale adds to a pattern of institutional Bitcoin sales, with other major asset managers like Fidelity and Grayscale also reporting similar client-initiated transactions. US-listed spot Bitcoin ETFs recorded roughly $867 million in net outflows on November 13. Source: https://cryptobriefing.com/blackrock-clients-sell-bitcoin-2610/The post BlackRock’s IBIT sells 2,610 Bitcoin valued at $257M appeared on BitcoinEthereumNews.com. Key Takeaways BlackRock clients sold 2,610 Bitcoin worth $257 million, showing notable institutional outflows. About $867 million exited US spot Bitcoin ETFs on November 13. BlackRock clients sold 2,610 Bitcoin valued at approximately $257 million on Thursday, marking another huge outflow from the asset management giant’s crypto holdings. The transaction reflects continued institutional portfolio adjustments as clients reduce their Bitcoin exposure. BlackRock, the world’s largest asset manager, has transferred Bitcoin to exchanges in recent sessions to accommodate client redemptions. BlackRock has recorded consecutive days of Bitcoin outflows, with the sales representing client-driven activity rather than the firm’s own trading decisions. The outflows align with broader institutional rebalancing as major asset managers respond to shifting client demand amid market volatility. The $257 million sale adds to a pattern of institutional Bitcoin sales, with other major asset managers like Fidelity and Grayscale also reporting similar client-initiated transactions. US-listed spot Bitcoin ETFs recorded roughly $867 million in net outflows on November 13. Source: https://cryptobriefing.com/blackrock-clients-sell-bitcoin-2610/