BlackRock Sells 3,510 BTC Worth $3.3B, Will Bitcoin Tumble?

Amid Bitcoin’s constant struggle to recover, BlackRock’s recent selling has increased investors’ worries. On January 2, 2025, the popular IBIT ETF witnessed the biggest outflows in its history, selling 3,510, equivalent to $3.3B. However, there are mixed sentiments about this news, so let us discuss the impact of these outflows on the Bitcoin price.

BlackRock Sells Amid Increased Market Uncertaining & Global ETF Ouftflows

Although the IBIT has witnessed the biggest outflows since its inception, it is not the only ETF facing outflows recently. The Coingalss data reveals that the US Spot Bitcoin ETFs are facing massive outflows, bringing the total to $247.8 million. In this, BlackRock contributed to the 3,510 Bitcoin sales concerning the investors. This is because the same exchange-traded fund was poured with inflows and even contributed to the Bitcoin price reaching as high as $108.2k in December 2024.

BlackRock Bitcoin SalesBlackRock Bitcoin Sales

The crypto market sentiments clearly represent the investors losing their greed, as the Bitcoin and global Bitcoin ETFs witnessed significant drops in the past few weeks. Regardless of the current situation, it is still prominent that IBIT is the biggest spot Bitcoin ETF, as it created multiple records throughout the year, including reaching $51B (548,505 BTC) in AUM.

With that, a recovery in the net inflows is clear, but the recent selling could influence the Bitcoin price.

How Bitcoin Price Will React With This Massive BlackRock Sell?

Looking at the broader picture, these IBIT ETF outflows would not impact the Bitcoin price. However, this could sweep the December lows in the short term, especially considering all the major ETFs witnessing outflows. Furthermore, Donald Trump’s inauguration could bring further uncertainty. However, such a setback often leads to further rallies. Many crypto analysts have predicted that the BTC price could hit $225k in 2025.

Interestingly, a recent CoinGape report revealed that Bitcoin could hit a new ATH of $114k even before Trump’s inauguration on January 20. So, a lot is at stake, keeping the investors hooked on this digital asset.

Bitcoin price predictionBitcoin price prediction

Where To Go From Here?

Since its launch, Bitcoin has been growing exponentially, and 2024 brought it to new levels of success. However, the expectation for 2025 is no less, despite the spot Bitcoin ETF outflows and the current BTC price consolidation. Major crypto analysts see this digital asset moving higher and higher, bringing the world of finances to a different level. However, the road is not entirely smooth; even the recent BlackRock sale of 3,510 BTC could create a short-term negative impact but could recover pretty much soon if any major macroeconomic event did not interfere.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Source: https://coingape.com/trending/blackrock-sells-3510-btc-worth-3-3b-will-bitcoin-tumble/

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