Bitcoin Rally in Doubt as BlackRock Clients Extend ETF Selling Streak

Fresh trading session data confirms a deep crisis of confidence among institutional investors in Bitcoin's further growth, specifically clients of investment giant BlackRock. Another confirmation of this skepticism was a tranche of 2,538 BTC, equivalent to $192.53 million, sent to the depository addresses of custodian Coinbase Prime before the start of the May 27 trading session.