BlackRock experienced a historic single-day outflow of 5,730 BTC, valued at approximately $523 million, marking the largest in its history. Over the past three days, BlackRock transferred 6,735 BTC, worth around $616 million, to Coinbase Prime, potentially preparing for further sales.
Meanwhile, Morgan Stanley has sold $104 million in structured notes linked to IBIT this month. In contrast, the Abu Dhabi Investment Authority significantly increased its IBIT holdings by over 200% in Q3, now totaling nearly 8 million shares, valued at approximately $518 million.
Additionally, Fidelity has launched a Solana ETF, FSOL, with an initial seed funding of 23,400 SOL, while a whale cluster withdrew approximately 170,000 SOL, worth $24 million, from major exchanges.
BlackRock's Record Bitcoin Outflow Amid Institutional Sell-Off
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
