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BlackRock Bitcoin ETF sees $317M sell-off amid crypto market downturn

Market News
16 May 2026
Tokenpost
View Source
Bearish
pluang ai news

BlackRock's spot Bitcoin ETF experienced a significant sell-off with investors withdrawing $317.1 million during a broader decline in the cryptocurrency market. This reflects growing caution among institutional investors as Bitcoin and Ethereum prices face volatility, with Bitcoin dropping below $78,000. Despite the outflows, BlackRock remains a major Bitcoin holder, controlling nearly $64.34 billion in BTC. The sell-off ended a six-week inflow streak for Bitcoin ETFs, signaling potential weakening momentum in crypto investments.

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