BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal

BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal
By AZC News | Jan 16 2024

BlackRock's retrieval of 11,500 BTC indicates a looming scarcity in the cryptocurrency.BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal
Last week marked the approval of the initial batch of ETFs, triggering insightful revelations from Synapse Network co-founder Paweł Łaskarzewski regarding BlackRock's significant maneuvers in the crypto sphere. In a swift move spanning just 48 hours, the renowned investment powerhouse withdrew a substantial 11,500 BTC from circulation.

In a recent X post (formerly Twitter), Łaskarzewski underscored the strategic significance of BlackRock's swift accumulation, particularly noteworthy given the daily production of approximately 900 new BTC. This rapid acquisition is indicative of a tactical shift, notably employing a "buy the dip" strategy that reflects confidence in the enduring value of Bitcoin.


Examining BlackRock's Bitcoin ETF (IBIT), the withdrawal of 11,500 BTC within two days equates to nearly 13 days' worth of the standard daily supply. This monumental move, according to Łaskarzewski, accentuates the "accelerated pace of institutional adoption" in the cryptocurrency space.

Delving into the impact of BlackRock's iShares Bitcoin Trust (IBIT), despite managing only 25% of the volume over two days, when considering the influence of GBTC, an estimated 46,000 BTC may have been removed. This potential signal hints at an imminent supply crunch in the market.

Given a sustained daily pace of 23,000 BTC, Łaskarzewski noted that the consumption of the supply is approximately 25.56 times the daily production consumed solely by US ETFs. This calculation, excluding retail investors and other global ETFs, signals an imminent and severe supply crunch.

The Institutional Onslaught
Should the current trend of institutional accumulation continue, the market appears poised for an extreme supply shortage. While fluctuations in Bitcoin's price may persist, the underlying scarcity of the asset becomes increasingly apparent.



Despite reservations regarding the high fees associated with GBTC, the launch of the Bitcoin ETF is regarded as a significant success.

Łaskarzewski emphasized that the actions of institutional giants like BlackRock underscore the growing significance of Bitcoin in the traditional finance space.

Related: BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal

In conclusion, BlackRock's substantial withdrawal from the Bitcoin supply in a brief timeframe highlights the escalating pace of institutional adoption. The potential supply crunch underscores the growing importance of Bitcoin in the broader financial landscape.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own reseBlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal
By AZC News | Jan 16 2024

BlackRock's retrieval of 11,500 BTC indicates a looming scarcity in the cryptocurrency.BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal
Last week marked the approval of the initial batch of ETFs, triggering insightful revelations from Synapse Network co-founder Paweł Łaskarzewski regarding BlackRock's significant maneuvers in the crypto sphere. In a swift move spanning just 48 hours, the renowned investment powerhouse withdrew a substantial 11,500 BTC from circulation.

In a recent X post (formerly Twitter), Łaskarzewski underscored the strategic significance of BlackRock's swift accumulation, particularly noteworthy given the daily production of approximately 900 new BTC. This rapid acquisition is indicative of a tactical shift, notably employing a "buy the dip" strategy that reflects confidence in the enduring value of Bitcoin.


Examining BlackRock's Bitcoin ETF (IBIT), the withdrawal of 11,500 BTC within two days equates to nearly 13 days' worth of the standard daily supply. This monumental move, according to Łaskarzewski, accentuates the "accelerated pace of institutional adoption" in the cryptocurrency space.

Delving into the impact of BlackRock's iShares Bitcoin Trust (IBIT), despite managing only 25% of the volume over two days, when considering the influence of GBTC, an estimated 46,000 BTC may have been removed. This potential signal hints at an imminent supply crunch in the market.

Given a sustained daily pace of 23,000 BTC, Łaskarzewski noted that the consumption of the supply is approximately 25.56 times the daily production consumed solely by US ETFs. This calculation, excluding retail investors and other global ETFs, signals an imminent and severe supply crunch.

The Institutional Onslaught
Should the current trend of institutional accumulation continue, the market appears poised for an extreme supply shortage. While fluctuations in Bitcoin's price may persist, the underlying scarcity of the asset becomes increasingly apparent.



Despite reservations regarding the high fees associated with GBTC, the launch of the Bitcoin ETF is regarded as a significant success.

Łaskarzewski emphasized that the actions of institutional giants like BlackRock underscore the growing significance of Bitcoin in the traditional finance space.

Related: BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal

In conclusion, BlackRock's substantial withdrawal from the Bitcoin supply in a brief timeframe highlights the escalating pace of institutional adoption. The potential supply crunch underscores the growing importance of Bitcoin in the broader financial landscape.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own reseBlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal
By AZC News | Jan 16 2024

BlackRock's retrieval of 11,500 BTC indicates a looming scarcity in the cryptocurrency.BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal
Last week marked the approval of the initial batch of ETFs, triggering insightful revelations from Synapse Network co-founder Paweł Łaskarzewski regarding BlackRock's significant maneuvers in the crypto sphere. In a swift move spanning just 48 hours, the renowned investment powerhouse withdrew a substantial 11,500 BTC from circulation.

In a recent X post (formerly Twitter), Łaskarzewski underscored the strategic significance of BlackRock's swift accumulation, particularly noteworthy given the daily production of approximately 900 new BTC. This rapid acquisition is indicative of a tactical shift, notably employing a "buy the dip" strategy that reflects confidence in the enduring value of Bitcoin.


Examining BlackRock's Bitcoin ETF (IBIT), the withdrawal of 11,500 BTC within two days equates to nearly 13 days' worth of the standard daily supply. This monumental move, according to Łaskarzewski, accentuates the "accelerated pace of institutional adoption" in the cryptocurrency space.

Delving into the impact of BlackRock's iShares Bitcoin Trust (IBIT), despite managing only 25% of the volume over two days, when considering the influence of GBTC, an estimated 46,000 BTC may have been removed. This potential signal hints at an imminent supply crunch in the market.

Given a sustained daily pace of 23,000 BTC, Łaskarzewski noted that the consumption of the supply is approximately 25.56 times the daily production consumed solely by US ETFs. This calculation, excluding retail investors and other global ETFs, signals an imminent and severe supply crunch.

The Institutional Onslaught
Should the current trend of institutional accumulation continue, the market appears poised for an extreme supply shortage. While fluctuations in Bitcoin's price may persist, the underlying scarcity of the asset becomes increasingly apparent.



Despite reservations regarding the high fees associated with GBTC, the launch of the Bitcoin ETF is regarded as a significant success.

Łaskarzewski emphasized that the actions of institutional giants like BlackRock underscore the growing significance of Bitcoin in the traditional finance space.

Related: BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal

In conclusion, BlackRock's substantial withdrawal from the Bitcoin supply in a brief timeframe highlights the escalating pace of institutional adoption. The potential supply crunch underscores the growing importance of Bitcoin in the broader financial landscape.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own reseBlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal
By AZC News | Jan 16 2024

BlackRock's retrieval of 11,500 BTC indicates a looming scarcity in the cryptocurrency.BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal
Last week marked the approval of the initial batch of ETFs, triggering insightful revelations from Synapse Network co-founder Paweł Łaskarzewski regarding BlackRock's significant maneuvers in the crypto sphere. In a swift move spanning just 48 hours, the renowned investment powerhouse withdrew a substantial 11,500 BTC from circulation.

In a recent X post (formerly Twitter), Łaskarzewski underscored the strategic significance of BlackRock's swift accumulation, particularly noteworthy given the daily production of approximately 900 new BTC. This rapid acquisition is indicative of a tactical shift, notably employing a "buy the dip" strategy that reflects confidence in the enduring value of Bitcoin.


Examining BlackRock's Bitcoin ETF (IBIT), the withdrawal of 11,500 BTC within two days equates to nearly 13 days' worth of the standard daily supply. This monumental move, according to Łaskarzewski, accentuates the "accelerated pace of institutional adoption" in the cryptocurrency space.

Delving into the impact of BlackRock's iShares Bitcoin Trust (IBIT), despite managing only 25% of the volume over two days, when considering the influence of GBTC, an estimated 46,000 BTC may have been removed. This potential signal hints at an imminent supply crunch in the market.

Given a sustained daily pace of 23,000 BTC, Łaskarzewski noted that the consumption of the supply is approximately 25.56 times the daily production consumed solely by US ETFs. This calculation, excluding retail investors and other global ETFs, signals an imminent and severe supply crunch.
The Institutional Onslaught
Should the current trend of institutional accumulation continue, the market appears poised for an extreme supply shortage. While fluctuations in Bitcoin's price may persist, the underlying scarcity of the asset becomes increasingly apparent.


Despite reservations regarding the high fees associated with GBTC, the launch of the Bitcoin ETF is regarded as a significant success.

Łaskarzewski emphasized that the actions of institutional giants like BlackRock underscore the growing significance of Bitcoin in the traditional finance space.
Related: BlackRock Boosts Bitcoin Scarcity with 11,500 BTC Withdrawal

In conclusion, BlackRock's substantial withdrawal from the Bitcoin supply in a brief timeframe highlights the escalating pace of institutional adoption. The potential supply crunch underscores the growing importance of Bitcoin in the broader financial landscape.

Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.arch when making a decision.arch when making a decision.arch when making a decision.