Markets· ★★★· bearish· October 17, 10:59

BlackRock sells $71.78 million in Bitcoin as IBIT redemptions mount

—The $71.78 million sale stems from IBIT share redemptions, not a BlackRock call
—IBIT clients sold about $65.4 million on October 13 and $207.7 million on October 7
—Net outflows across all US spot Bitcoin ETFs hit $484.9 million on October 7
—Combined BTC and ETH ETF outflows topped $1.2 billion for the week

Why it matters: ETF flows are the clearest real-time gauge of institutional demand, and sustained outflows weigh on spot Bitcoin prices.