Crypto exchange-traded fund (ETF) outflows continue on Friday, October 31, with BlackRock alone dumping 2,724 Bitcoin (BTC), worth over $292 million, over the past 24 hours.
As of the time of writing, the world’s largest fund manager holds 802,810 BTC, valued at around $87.43 billion, according to the data Finbold retrieved from HeyApollo.
Overall, Bitcoin ETFs have lost roughly $519 million in assets under management this week, now commanding 1.349 million BTC, or $146.9 billion in the digital asset.
Bitcoin ETF flows. Source. HeyApollo
Interestingly, the outflows came amid a $500 million private-credit fraud scandal tied to BlackRock’s recently acquired HPS division.
Court filings allege forged contracts and fake invoices used to secure loans, raising questions over investment standards just months after BlackRock sealed the $12 billion buyout.
Daily Bitcoin ETF flows
Bitcoin ETFs faced a combined daily loss of 4,559 BTC ($490 million). BlackRock recorded the big
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