BlackRock just dumped a monster 2,700 Bitcoin

Crypto exchange-traded fund ( ETF ) outflows continue on Friday, October 31, with BlackRock alone dumping 2,724 Bitcoin ( BTC ), worth over $292 million, over the past 24 ￰0￱ of the time of writing, the world’s largest fund manager holds 802,810 BTC, valued at around $87.43 billion, according to the data Finbold retrieved from HeyApollo . Overall, Bitcoin ETFs have lost roughly $519 million in assets under management this week, now commanding 1.349 million BTC, or $146.9 billion in the digital ￰1￱ ETF ￰2￱ Interestingly, the outflows came amid a $500 million private-credit fraud scandal tied to BlackRock’s recently acquired HPS ￰3￱ filings allege forged contracts and fake invoices used to secure loans, raising questions over investment standards just months after BlackRock sealed the $12 billion ￰4￱ Bitcoin ETF flows Bitcoin ETFs faced a combined daily loss of 4,559 BTC ($490 million).

BlackRock recorded the biggest ￰5￱ followed with $65.62 million withdrawn, while Bitwise’s saw a $55.15 million ￰6￱ was slightly behind, losing only $46.5 million, while Grayscale Bitcoin Trust shed only $10 ￰7￱ smaller outflows included Grayscale Mini Trust at $8.49 million, Invesco likewise at $8 million, and VanEck at $3.8 ￰8￱ the heavy losses, the monthly chart is still in the green, showing an increase of 30,904 BTC, worth north of $3.56 ￰9￱ amid all the ETF pressure, Bitcoin edged higher on Friday, rising past the $110,000 mark ￰10￱ 24-hour price.