BlackRock Dumps Over $1B In Bitcoin

BlackRock Offloads Bitcoin in Gradual Week-Long Sales

BlackRock, the world's largest asset manager, has sold roughly $1.01 billion worth of Bitcoin ($BTC) over the past week, according to on-chain data from Arkham Intelligence. The sales were carried out gradually through a series of daily transactions rather than a single block trade, suggesting a deliberate and measured approach to reducing its position.

The timing of the sell-off has drawn attention from market watchers. According to Arkham Intelligence data, clients of BlackRock's IBIT ETF collectively sold around $317.1 million worth of Bitcoin in one recent week, triggering fresh outflows from addresses associated with the fund. Despite the recent selling, BlackRock still holds approximately $64.34 billion worth of BTC, acquired at an estimated average price of $83,200.

ETF Outflows Mount Across the Market

The move sits within a broader period of sustained redemptions from spot Bitcoin ETFs. Bitcoin ETF outflows reached $1.26 billion over six sessions from May 15 through May 22, with all 11 US-listed spot Bitcoin ETFs recording net outflows across that stretch.

Between May 11 and May 15, US spot Bitcoin ETFs recorded $1 billion in outflows, the largest weekly outflow since February. Earlier in that period, US spot Bitcoin ETFs recorded their largest single-day outflows since late January, with approximately $635 million exiting on May 13, 2026, a sharp reversal that added to short-term pressure on Bitcoin prices.

When flows reverse, investors are forced to ask whether the outflows represent a short-term repositioning after a strong rally, a broader risk-off move tied to macro pressure, or an early warning that institutional appetite for Bitcoin may be more cyclical than some crypto bulls had assumed.

BlackRock has not issued a public statement explaining the rationale behind the transactions. The asset manager's iShares Bitcoin Trust (IBIT) remains one of the largest spot Bitcoin ETFs by assets under management, and any sustained selling from the fund is likely to remain a key indicator of institutional sentiment in the weeks ahead.

Sources:
U.Today: BlackRock Just Sold $317 Million Worth of Bitcoin
Bitcoin Foundation: $1.25B Outflows From Bitcoin and Ethereum ETFs
CoinReporter: Record $635M Outflows from U.S. Spot Bitcoin ETFs