BlackRock, the world’s largest asset manager, added 921 Bitcoin (BTC) to its portfolio on Thursday, November 6, but the overall net holdings are still 5,300 BTC in the red this week, signaling active portfolio adjustments amid ongoing market volatility.
With the recent sales, the fund’s reserves have diminished, now totaling around 798,000 BTC, valued at over $80 billion at current prices, according to HeyApollo ETF tracker data shared by co-founder Thomas Fahrer on November 7.
BlackRock BTC moves. Source: Thomas Fahrer (@thomas_fahrer)
Looking at the broader picture, BlackRock has accounted for more than half of this week’s Bitcoin ETF outflows, which have amounted to a total of 8,132 BTC, worth $861 million.
Will Bitcoin recover?
Trading at $100,840 at the time of writing and down more than 2% on the day, Bitcoin has slipped 20% from its October all-time high of $126,080.
BTC 24-hour price. Source: Finbold
The weakness has been the result of a convergence of be
We współpracy z: https://finbold.com/blackrock-dumps-5300-bitcoin-this-week/
