Categories: MarketsMenafn

BlackRock Withdraws Bitcoin Equivalent to 13 Days’ Supply, Sparks Concerns

Pro-Bitcoin advocate “InvestAnswers” brought attention to BlackRock’s notable acquisition of 11,500 BTC within two days.

BlackRock, recognized as one of the world’s largest asset management firms, reportedly absorbed this substantial amount, equivalent to about 13 days’ worth of Bitcoin production, given the daily issuance of approximately 900 BTC. At the prevailing market value of Bitcoin, BlackRock’s accumulation translates to an estimated $500 million.

BlackRock’s Spot ETF Impact

The disclosure further emphasized that during the same two-day period, BlackRock’s spot ETF accounted for only 25% of the total volume of Bitcoin ETFs. Considering this, it was suggested that 46,000 BTC was withdrawn from the market within the specified timeframe.

https://twitter.com/invest_answers/status/1746219895652802947?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

According to the figures, if U.S. ETFs continue to withdraw Bitcoin at a daily rate of 23,000 BTC, they would accumulate it 25.56 times faster than its daily production. An analyst has warned that if this trend continues, the market could experience a significant shortage of Bitcoin supply.

This scenario could be exacerbated by the additional demand from retail investors, global ETFs, and other market participants looking to secure their BTC holdings.

Despite the concerns, the analyst concluded optimistically. They advise crypto market participants to overlook short-term price fluctuations. He suggested that the supply shortage could be pivotal in propelling Bitcoin’s market to unprecedented price levels.

In contrast, a commenter pointed out the tendency of BlackRock and other institutions to engage in over-the-counter (OTC) trading, commonly referred to as “dark pool” activity, as a strategic measure to mitigate market volatility.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Synapse Power Opens Contributor Access to Build the Future of Decentralized AI Compute

Synapse Power invites global participants to contribute computing power to its GPU network—powering the next…

3 hours ago

Franklin Morgan & Associates Successfully Represented in DIAC Arbitration for $113M Award

New York, NY, 1st August 2025, Franklin Morgan & Associates is proud to announce that…

14 hours ago

Mint Miner Launches XRP Cloud Mining Contracts, Opening a Low-Entry, High-Yield Model

New York, USA, 1st August 2025, ZEX PR WIRE, Mint Miner, the world’s leading intelligent cloud mining…

14 hours ago

Moonshot MAGAX Presale Goes Live — Built for Virality, Fueled by Community

California, USA, August 1, 2025, After months of building behind the scenes, Moonshot MAGAX  is…

14 hours ago

Find Mining Rises to the Trend: A Mass Mining Revolution in the $4 Trillion Market

Combining cloud computing with artificial intelligence, Find Mining delivers a secure, efficient, and transparent way…

14 hours ago

XRP has surpassed the $3.60 mark, and Ripplecoin mining allows holders to easily cash in their daily gains.

XRP Enters a Key Breakout Window; Ripplecoin Mining Helps You Start a Crypto Cash Flow…

14 hours ago