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BlackRock sold $1.01 billion in BTC last week, Jordan Kerridge notes

BlackRock sold $1.01 billion in BTC last week, Jordan Kerridge notes
BlackRock offloads $1.01B BTC

Jordan Kerridge highlights that BlackRock sold Bitcoin every day last week, unloading a total of $1.01 billion.

The tweet questions who might be purchasing BTC on the other side of these significant sales.

Kerridge previously reported a $16 million short position on Bitcoin, marking a bearish move on the cryptocurrency sector earlier this month. In another recent article, he noted Senator Cynthia Lummis’s view that digital assets will have a role in future financial systems regardless of banks’ involvement last week. These updates add context to the ongoing focus on digital asset market flows.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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