Arkham: BlackRock's IBIT Sees About $1.01B BTC Sold Over the Last 7 Days
Arkham data indicates BlackRock's iShares Bitcoin Trust (IBIT) saw roughly $1.01 billion worth of BTC sold over the last 7 days. The report comes as Bitcoin faces renewed selling pressure after trading above the $80k level earlier this month. The article argues the selling reflects ETF investor outflows rather than discretionary trades by BlackRock.