ChainCatcher reports that Bitcoin News posted on X stating that BlackRock’s IBIT has reduced its BTC holdings by nearly 100,000 BTC in less than two months. On May 6, IBIT’s BTC holdings peaked at 822,736 BTC and currently stand at 734,261 BTC.
BlackRock IBIT BTC Holdings Drop to 734,261, Down Nearly 100,000 in Two Months
ChaincatcherShare
Summary
BlackRock’s IBIT BTC holdings have declined to 734,261, a drop of nearly 100,000 over two months. Holdings peaked at 822,736 on May 6 before beginning to decline. BTC’s price remains under pressure, as the reduction reflects changing BTC dominance in the market. Institutional activity continues to attract attention amid these fluctuations.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.