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BlackRock ( @BlackRock ) is showing us that even the giants feel the squeeze when the macro environment shifts.
Their iShares Bitcoin Trust ($IBIT ) absorbed a heavy $772.6 million outflow last week, driving a broader $526.1 million weekly drop across US spot ETFs.
It’s a macro play for sure: The outflows come down to quarter-end rebalancing and tight Fed policy rather than people losing faith in $BTC.
Institutions are treating ETFs as liquid trading blocks: Wall Street money is highly reactive right now. They pull out fast during a dip but flip positive the second a catalyst hits - just like they did on July 2 after the jobs report.
The structural floor is solid: Cumulative inflows are still holding strong above $51 billion. While short-term prices remain choppy, on-chain data shows steady whale accumulation behind the scenes.
Target:
Issuers: Giant fund managers (like Vanguard or Charles Schwab) studying how Wall Street money behaves during crypto cycles.
Investors: US-regulated institutions, corporate treasuries, and retail allocators looking for highly liquid, compliant #Bitcoin exposure.
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Airdrop duration: 2/21 ~ 3/7
👮♂️Off-chain tasks:
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