Press "Enter" to skip to content

Tag: sharp withdrawals

BlackRock Bitcoin ETF Hits Biggest Outflow, Kiyosaki Stays Bullish

The post BlackRock Bitcoin ETF Hits Biggest Outflow, Kiyosaki Stays Bullish appeared com. Fresh data showed that BlackRock pulled about $473. 72 million worth of Bitcoin in a single session. This marks the biggest withdrawal in USD terms since the asset manager entered the market. The massive exit added pressure during a week already filled with fear and massive sell-offs. Major Bitcoin ETFs Record Sharp Withdrawals SoSoValue data confirmed the scale of the movement. Withdrawals from the BlackRock Bitcoin ETF was $463. 10 million. Fidelity’s FBTC posted more than $2 million in outflows. Grayscale’s GBTC shed $25. 09 million, continuing its long pattern of red flows. The chart highlights sharp outflow from BlackRock Bitcoin ETF. Only one smaller Grayscale product added $4. 17 million, providing little support against the heavy withdrawals. Other major issuers, including Ark 21Shares, Bitwise, VanEck, Invesco, Valkyrie, Franklin, and WisdomTree, recorded no inflows at all. The record withdrawal happens weeks after JPMorgan disclosed holding shares of IBIT worth over $340 million. Many people are cashing out, showing a serious shortage of cash in the market. Many institutions appear to be selling not because they doubt Bitcoin, but because they urgently need cash. Analyst Highlights Sharp Performance Divide Across the Crypto Market In addition, data from Daan Crypto Trades added context to the market stress. His chart showed that the prices of the majority of crypto assets fell between 10% and 30% over the past month. Only a few dozen coins managed returns above 30%. According to him, the results show extreme separation between winners and losers, a pattern seen throughout the cycle. Daan said performance has been uneven all year. He explained that investors cannot hold every token and expect strong results. The analyst said traders must stay nimble or focus only on Bitcoin and major assets. His analysis supports the growing view that liquidity concentrates around major coins during stress. Kiyosaki Maintains.