BlackRock sold $71.78 million worth of Bitcoin through its iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF. These sales reflect client redemptions rather than a strategic decision by the firm. On October 7, 2026, IBIT saw $207.7 million in outflows in a single day, while net outflows across all US spot Bitcoin ETFs hit $484.9 million. Over the full week, combined outflows from Bitcoin and Ethereum ETF products exceeded $1.2 billion, marking the weakest stretch for these funds since June 2026. Bitcoin was trading in a range of roughly $80,000 to $83,000 during this period.
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