BlackRock transferred $405.3 million worth of Bitcoin, including 3,215 BTC and 1,698 BTC to Coinbase Prime, while adjusting the assets held by its iShares Bitcoin Trust (IBIT). According to BlackRock, these transactions resulted from investors redeeming fund shares and do not represent a change in the company’s stance on Bitcoin. The Bitcoin ETF sector recorded a net outflow of $635 million on October 23, 2026, with BlackRock and Fidelity serving as the main drivers. The sales put short-term pressure on Bitcoin’s price, which was trading around $80,000 to $82,000 at the time, while IBIT had also recorded days with inflows exceeding $405 million.
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