BlackRock Bought the Dip — Others Didn't
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BlackRock added 2,830 BTC ($267M) yesterday...
But $BTC still dropped. Why?
Because other ETFs sold:
Fidelity, Ark, Grayscale, Bitwise
Combined outflows: $323.26M
The trigger?
Weak US GDP data raised recession fears, leading to ETF profit-taking.
Net result: BTC dipped despite BlackRock buying.