BlackRock's IBIT Sells 2,610 BTC Worth $257M
BlackRock’s iShares Bitcoin Trust (IBIT) liquidated 2,610 BTC, roughly $257 million, on Nov. 14, 2025. The size of the sale makes it one of the larger single-day institutional offloads this year and arrived amid subdued BTC price action, raising short-term supply concerns as traders and market makers absorbed the coins.
The move matters because IBIT is a major institutional vehicle; large outflows or rebalancing by such trusts can influence liquidity, sentiment, and other ETFs’ flows. Reasons may include portfolio reweighting, client redemptions, or risk management rather than a directional conviction against crypto, but the sale underscores how institutional behavior can alter market dynamics. Watch ETF flows, on-chain transfers, and order-book depth in the coming days for signs of sustained selling or quick re-accumulation by other buyers.