Who's been quietly selling bitcoin all year?

Public miners quietly dumped $1.78 billion of bitcoin this year. Goldman just bought a $1.1 billion bitcoin yield ETF instead of building one. And Kalshi is getting Wall Street-grade market data infrastructure. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wednesday, August 12, 2026 One overlooked group has added $1.78 billion of selling pressure to the bitcoin market Public miners have unloaded 28,000 BTC this year — down from 127,000 to 99,000 in holdings — injecting $1.78 billion in selling pressure that has gone largely undiscussed while ETF outflows and treasury company sales have dominated the narrative. Price is set at the margin, and steady selling into weak demand hits harder than the headline numbers suggest. The irony: many large miners are pivoting to AI and leaving the network, which has eased difficulty 18% from November's peak, meaning the miners that stayed are now earning 18% more BTC per block — a classic free-market reset that could attract new entrants back in. Read more → Business Goldman Sachs leaps into bitcoin income ETFs with $2.25 billion NEOS buyout Goldman paid up to $2.25 billion to acquire NEOS Investments — rather than launch the covered-call bitcoin ETF it had already filed for in April — instantly gaining a $1.1 billion fund (BTCI) yielding 27% and a $30 billion options-based ETF platform across 19 funds. The deal lifts Goldman's total ETF assets above $130 billion and puts it in direct competition with BlackRock's BITA, which launched two months before Goldman's own filing and had a head start Goldman clearly decided it was cheaper to leapfrog than race. Bloomberg's Eric Balchunas put it plainly: "Better to leapfrog than me too?" Read more → Business Kalshi taps DoubleZero for Wall Street-style high-speed data feed Kalshi is adding Solana-based DoubleZero's low-latency data infrastructure to its prediction market order book — giving institutional traders a machine-readable view of Kalshi's most active contracts over dedicated fiber, simultaneous to all connected firms. The same distribution model underpins NYSE, Nasdaq, and the CME. It's a signal that prediction markets are being built for the same institutional audience that demands co-location and microsecond data edges in traditional finance, not just for retail speculators. Read more → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.