<ul><li>BlackRock's iShares Bitcoin Trust (IBIT) experienced a substantial outflow of $332.6 million, marking the largest single-day withdrawal since its inception.</li><li>Despite the outflows, Bitcoin remains strong above $82,000, indicating resilience in the face of global economic pressures.</li><li>BlackRock's move may reflect routine portfolio rebalancing or profit-taking rather than a lack of confidence in Bitcoin or the ETF's strategy.</li><li>While IBIT experienced outflows, other Bitcoin ETFs, such as Fidelity and Bitwise, recorded inflows on the same day.</li></ul>

Why Did BlackRock Offload $254M in Bitcoin on Coinbase? Key Insights

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