Update
BlackRock Sells Bitcoin ETF Shares
BlackRock, the world's largest asset manager, has sold $71.78 million worth of Bitcoin through its iShares Bitcoin Trust (IBIT) ETF. This sale is attributed to redemptions by shareholders, who are withdrawing their investments from the fund. This is part of a broader trend of outflows from US spot Bitcoin ETFs, which saw a combined outflow of $1.2 billion from Bitcoin and Ethereum ETF products during the week of October 7, 2026. The redemptions have coincided with Bitcoin's price range of roughly $80,000 to $83,000, highlighting the impact of higher interest rates on the opportunity cost of holding Bitcoin.