Bitcoin ETFs Reduce Holdings While Blackrock Stalls Purchases

The post Bitcoin ETFs Reduce Holdings While Blackrock Stalls Purchases appeared first on Coinpedia Fintech News

Grayscale has reduced its Bitcoin holdings by 1,328 BTC, valued at approximately $80.7 million, leaving it with 297,118 BTC worth $18.06 billion. Overall, nine ETFs, including Grayscale, collectively reduced their Bitcoin holdings by 1,698 BTC, amounting to a loss of $103.22 million in assets. Blackrock, a key player in the market, has refrained from adding any Bitcoin to its portfolio for four consecutive days. This decision clearly signals a bearish shift in the broader market sentiment.