Cryptocurrency Q&A Did Blackrock pull out $1.2 billion from bitcoin ETFs?

Did Blackrock pull out $1.2 billion from bitcoin ETFs?

IncheonBeautyBloomingRadiance IncheonBeautyBloomingRadiance Sun Sep 08 2024 | 0 answers 0
Hello there, could you clarify for me if it's true that Blackrock, the renowned investment management firm, has indeed withdrawn a significant amount of $1.2 billion from bitcoin-related exchange-traded funds (ETFs)? This move, if true, would undoubtedly have ripple effects on the cryptocurrency market and potentially alter investor sentiment towards digital assets. Could you provide any insight into the reasons behind such a decision, if any, and how it may impact the broader industry? Did Blackrock pull out $1.2 billion from bitcoin ETFs?

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