Derived from Coinrise, BlackRock’s crypto fund withdrew nearly $474 million in Bitcoin in a single session, marking the largest dollar withdrawal since the firm entered the market. The outflow intensified pressure on an already struggling crypto market, where fear and heavy sell-offs dominated. Data from SoSoValue showed Fidelity’s FBTC lost over $2 million, while Grayscale’s GBTC shed $25.09 million. Other major issuers reported no inflows. Analysts suggest institutions are selling Bitcoin due to urgent cash needs amid a liquidity crunch. Daan Crypto Trades noted most crypto assets fell between 10% and 30% in the past month. Robert Kiyosaki remains bullish, calling Bitcoin 'real money' and planning to buy more after the crash. JPMorgan analysts predict Bitcoin could reach $170,000 in 6–12 months.
BlackRock Pulls $474M from Bitcoin, Sparking Market Pressure
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