BlackRock blocks $1.2B in withdrawals as private credit stress raises Bitcoin ETF questions

BlackRock, which manages $26 billion in private credit funds, recently restricted $1.2 billion in investor withdrawals, highlighting mounting liquidity pressure in that market. At the same time, its shares dropped 7.69% in a session, the largest single-day decline of the current cycle, as risk assets and Bitcoin ETF flows now face renewed uncertainty.