BlackRock Halts Bitcoin Sales, Retains Over $50 Billion in Assets.
According to Odaily, Arkham announced on platform X that BlackRock has stopped selling Bitcoin. Today, there were no outflows from BlackRock's IBIT address, and the company currently holds Bitcoin valued at over $50 billion.
This move comes after the IBIT experienced a record outflow of $332 million in a single day on January 3, 2025, which may have influenced BlackRock's decision to halt sales and maintain its current Bitcoin holdings.
BlackRock's strategy reflects a growing trend among institutional investors seeking direct exposure to Bitcoin through regulated products like ETFs. Since its launch, the IBIT has attracted a significant amount of capital, establishing itself as one of the most traded spot Bitcoin ETFs in the market.
It is important to note that while BlackRock has halted Bitcoin sales in its ETF, the company continues to manage a wide range of assets and investment strategies, adapting to market conditions and client demands.
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