As reported by Finbold, BlackRock, the world’s largest asset manager, sold 749 Bitcoin (BTC) worth approximately $88 million on October 29. The move brought the fund’s total holdings to 805,540 BTC, valued at around $89.12 billion, according to HeyApollo ETF tracker co-founder Thomas Fahrer. Spot Bitcoin ETFs recorded 4,238 BTC in daily outflows, totaling $471 million, though they remain in the green this month with 40,004 BTC added, or $4.48 billion. The sale occurred as Bitcoin lost steam following a market-wide decline, with most top 10 cryptocurrencies by market cap in the red. Ethereum (ETH) and Solana (SOL) each dropped 2.5%, while XRP fell 3.5%. Renewed macroeconomic uncertainty, including Fed Chair Jerome Powell’s comments on the uncertainty of a December rate cut, contributed to the downturn. Roughly $812 million in leveraged crypto trades were liquidated, and the Crypto Fear & Greed Index dropped to 34, indicating fear levels.
BlackRock Sells 749 Bitcoin Worth $88M Amid Broader Crypto Market Decline
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