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Is this real? Black Rock dumping millions in Bitcoin?

Posted on 8/21/25 at 10:18 am
Posted by Jaydeaux
Covington
Member since May 2005
19511 posts
Posted on 8/21/25 at 10:18 am
X. Black rock dumping BTC
This post was edited on 8/21/25 at 10:20 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82035 posts
Posted on 8/21/25 at 10:21 am to
Misleading - Blackrock runs a bitcoin ETF. If individual investors buy their ETF, they have to buy BTC to back the ETF 1 to 1. If individual investors sell their ETF, they sell the BTC backing it. Blackrock is not dumping BTC. Individual investors are and Blackrock is selling the BTC backing the ETF that was sold.

This is pretty common - there have been many weeks where outflows from the ETFs were in the hundreds of millions of dollars
Posted by Jaydeaux
Covington
Member since May 2005
19511 posts
Posted on 8/21/25 at 10:23 am to
Ok. Thank you.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
50839 posts
Posted on 8/21/25 at 10:58 am to
Blackrock is there just making fees...

They would create an ETF of used toothbrushes if they think there are enough people to get fees from
Posted by TigerBlitz03
New Iberia
Member since Nov 2008
1304 posts
Posted on 8/21/25 at 11:01 am to
ECKS ARE PEE
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