BlackRock IBIT records $1.01B in Bitcoin sales over five straight sessions
BlackRock's iShares Bitcoin Trust (IBIT) saw Bitcoin sold across five consecutive sessions last week, totaling $1.01 billion. The flow reflects ETF investor redemptions that mechanically prompt fund-level BTC sales, rather than necessarily signaling a change in BlackRock's view. Despite that pressure, Bitcoin remained above $76,000, raising questions about who provided the offsetting demand.