BlackRock Selling Bitcoin: Fact or FUD?

[Bounty Hunter Trax45]

There are rumors doing rounds on social media platforms that BlackRock is dumping significant quantities of Bitcoin prior to the opening of the U.S. markets, leading to speculations about a possible market crash. But, these rumors must be backed by any credible on-chain evidence before coming to any conclusion.

So what is your opinion on this matter? Is it real institutional dumping or just another case of market FUD?


 Source code:https://x.com/i/status/2077676906988609797

[chenille]

I don't see any reason for Black Rock to sell BTC for current low prices. Prices are for sure climbing again and be better from now on.
Bitcoin is an asset for long time hodling and for sure Black Rock is well advised to stop selling Bitcoin.

Larry Fink is a smart man and he will understand how Bitcoin investments work out.

[Catenaccio]

There are rumors doing rounds on social media platforms that BlackRock is dumping significant quantities of Bitcoin prior to the opening of the U.S. markets, leading to speculations about a possible market crash. But, these rumors must be backed by any credible on-chain evidence before coming to any conclusion.

So what is your opinion on this matter? Is it real institutional dumping or just another case of market FUD?

Fud, surely.

BlackRock are big and experienced so they are clever enough to avoid selling all bitcoins they have on the market. If they sell their bitcoins, they will do their sellings gradually with time, but the market does not react well recent hours.

It's like a strong confirmation for you that it's a fud that does not have or has yet made any negative effects on Bitcoin market. I am not interested in what Bitcoin Spot ETF companies do, and I individually focus on  my accumulation and holding with DCA.

Don't focus on their activities, focus on yours.
Dollar Cost Averaging with costavg.com include exchange fee.

[Oshosondy]

What a stupid news is this? I am not referring to Bounty Hunter Trax45, I am referring to the post on X.

If more people are buying the bitcoin ETF shares, Blackrock will buy more bitcoin than sell. If more people are selling their bitcoin ETF shares, Blackrock will sell more bitcoin than buy.

[Nathrixxx]

There are rumors doing rounds on social media platforms that BlackRock is dumping significant quantities of Bitcoin prior to the opening of the U.S. markets, leading to speculations about a possible market crash. But, these rumors must be backed by any credible on-chain evidence before coming to any conclusion.

So what is your opinion on this matter? Is it real institutional dumping or just another case of market FUD?


 Source code:https://x.com/i/status/2077676906988609797

Whenever we heard of a new development like this coming, we should not treat it as it is appearing because we have to verify some information sources, why we must first check if Black Rock official platform make such release through their social media handles or not, then also try to verify if more than two other reputable news agency where able to pick up this as a trend or not, moreover, dumping the market does not mean that they should be any significant reaction over this except we only have a coincidence.

[Die_empty]

So what is your opinion on this matter? Is it real institutional dumping or just another case of market FUD?

When you see news on any social media platform, you should do quick research to confirm its validity. Not a single reputable news outlet reported this news, so there is a high chance that it is fake. BlackRock just bought about $138.9 million worth of Bitcoin yesterday. Although I don't pay attention to the activities of these institutions, I think this information is a weak attempt to stimulate FUD.

[Lucius]

~snip~
There are rumors doing rounds on social media platforms that BlackRock is dumping significant quantities of Bitcoin prior to the opening

BR provides BTC trading service through its spot BTC ETF by selling shares in the fund, and these shares are backed with real coins that the fund buys on the market. How long will it take for people to understand that inflows/outflows are the result of what the fund's clients do and not the company that provides them with a certain service?

[buwaytress]

Wasn't a big deal to me when they bought, isn't a big deal to me if they sell. These are speculators -- oh, sorry, investors -- not users, not believers. They'll move on to the next thing they think rakes in the dough, move back in when everyone else has sold when the medium-term upside looks rosy again.

Next, please?

[Son Of Blockchain (SOB)]

Wasn't a big deal to me when they bought, isn't a big deal to me if they sell. These are speculators -- oh, sorry, investors -- not users, not believers. They'll move on to the next thing they think rakes in the dough, move back in when everyone else has sold when the medium-term upside looks rosy again.

Next, please?

ETF always looking for ways to convince weak holders to lose their Bitcoin so they can own it cheaper, if not tell me how a company that's known to be one of the strongest holder that people use an example to encourage people concerning holding would suddenly start dumping massively, make it make sense.
 Like why would they worry about a big crash, have they suddenly turn weak holders? Those are the questions people should think of before rushing to sell cause a news popped up concerning a big holder that's selling cause of a possible big crash in the near future. All these a just news to manipulate people into selling.

[stompix]

BlackRock is not selling or buying Bitcoin!
BlackRock manages that for its customers!

That being said, the whole thing is just stupid. Here are their actual coins, there is no liquidation, their treasury is down just 11k Bitcoins from June 1st.
That 11k means down from 743k to 732k coins!   

https://arkm.com/explorer/entity/blackrock

BlackRock are big and experienced so they are clever enough to avoid selling all bitcoins they have on the market.

BlackRock doesn't own those coins, their clients do!

[Lucius]

BlackRock is not selling or buying Bitcoin!
BlackRock manages that for its customers!
~snip~

Have you also turned into those who don't read anything more than the topic title? It's not that you're wrong, but I wrote something similar a few posts above

[stompix]

Have you also turned into those who don't read anything more than the topic title? It's not that you're wrong, but I wrote something similar a few posts above

Yup, but I couldn't just post that link and tell people:  "Here you go there are 731k coins here" without telling them what those coins really are!
Like seriously, should I just trim my message and post only the one bit of info that wasn't discussed yet?

Besides, look at the post above mine and below yours, does it seem like your message got through? 

[Zaguru12]

I don't see any reason for Black Rock to sell BTC for current low prices. Prices are for sure climbing again and be better from now on.
Bitcoin is an asset for long time hodling and for sure Black Rock is well advised to stop selling Bitcoin.

Larry Fink is a smart man and he will understand how Bitcoin investments work out.

Although the news OP shared is actually a fake news but let’s look at it from the perspective that it’s actually right what’s wrong in selling.

If they say blackrock is selling it doesn’t means that it’s blackrock as an entity rather it’s actually the investors using blackrock as their ETF Platform and no price is actually a bad selling price. The only period selling of bitcoin which is not advisable is actually when you’re selling at a loss.

Selling bitcoin at any price above $60k is not actually a loss because you basically do not know at what price that coin was bought could have been bought way below $60k so with current market price such sell is actually not wrong

[OgNasty]

BlackRock "buying" and "selling" Bitcoin isn't really what people probably think it is.  They are buying and selling based on the holdings of their ETF.  So it isn't really them selling as much as it is their clients who are trading the ETF and causing buying or selling based on the holding amount of the fund.  It isn't like BlackRock is speculating on the market with these trades.

So is BlackRock selling BTC?  Obviously, as their ETF sees outflows.  That is how it works.  Is it their BTC they are selling?  No.

[coinrifft]

That question is, does BlackRock knows about it? Lol.

Because obviously it's a FUD, as you can see in the image, there were even Arkham list. For sure mature crypto investors will not buy this news as you don't need to be a rocket scientist to not understand that it doesn't make sense for them to sell.