BlackRock Bitcoin Outflow Hits $446M in Coinbase Prime Transfer

TLDR; BlackRock Bitcoin outflow reached about $446 million after 7,432 BTC moved to Coinbase Prime for ETF-related settlement. The transfer appears tied to normal ETF redemption activity, not a confirmed direct sale into the open Bitcoin market. Heavy spot Bitcoin ETF withdrawals in June suggest weaker institutional demand as Bitcoin trades near the $60,000 level. [...]

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