Key takeaways
- BlackRock clients sold $145 million worth of bitcoin in a single day through the company’s ETF.
- This significant recovery signals a shift in institutional investor sentiment towards Bitcoin.
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BlackRock clients unloaded more than $145 million in Bitcoin on Monday, executing large redemptions through the asset manager’s Bitcoin exchange-traded fund (IBIT).
The sales reflect continued investor caution in a volatile market. Major refunds could impact discussions about institutions’ appetite for crypto assets.
BlackRock launched a Bitcoin ETF in 2024, becoming one of the largest providers of cryptocurrency exposure to institutional and retail investors. The fund has attracted billions of dollars in assets since its inception, although client flows have varied depending on market conditions.
