Last week, digital wallets connected to BlackRock sold off $1.01 billion worth of Bitcoin over five days. This selling happened around the same time a popular video of Larry Fink, BlackRock’s CEO, expressing positive views on cryptocurrency began circulating again.
Bitcoin is staying around $77,000, sparking discussion about where the selling pressure from iShares Bitcoin Trust (IBIT) is going – it appears other investors are stepping in to buy it.
Old Quote Meets Fresh BlackRock Outflows
The recent quote circulating from Larry Fink is actually several months old. He stated that crypto isn’t a poor investment and could have a place alongside gold in a portfolio, during an interview on CBS 60 Minutes that originally aired in October 2025.
As a researcher following the digital asset space, I’ve been paying close attention to recent comments from Blackrock’s Larry Fink. He’s indicated a shift in his thinking on crypto, suggesting he’s reconsidered some initial assumptions. He now believes it’s not a poor investment and sees a legitimate place for it, comparing its potential role to that of gold as a store of value.
— Disclose.tv (@disclosetv) May 24, 2026
As a researcher, I’ve been following the recent news closely. It’s interesting to see how a single positive soundbite about BlackRock is now being contrasted with the data showing actual investor redemptions. It’s creating a bit of a conflict – the positive endorsement seems to be going up against the reality of what investors are actually doing.
Larry Fink’s overall view remains consistent. He’s previously emphasized the potential of using blockchain to represent ownership of things like stocks, bonds, and real estate, and sees Bitcoin ETFs as a first step in that direction.
In a 2024 interview, I expressed my view that Bitcoin is more of a store of value, like gold, rather than a true currency. While I don’t see Bitcoin becoming a widely used currency, I do believe digital currencies powered by blockchain technology will become commonplace. I view it as an alternative way to hold wealth.
The recycled clip aligned with that long-running view.
Follow us on X to get the latest news as it happens
Flows Reveal Client Behavior, Not Strategy
IBIT’s trading activity is straightforward: when people sell their ETF shares, the fund sells Bitcoin to fulfill those requests. Therefore, the $1.01 billion in trades reflects customer selling, not a strategic investment decision by BlackRock.
BlackRock recently sold $1.01 billion worth of Bitcoin, spreading the sales out over the past week. This raises the question: if BlackRock is selling, who is currently buying?
— Arkham (@arkham) May 25, 2026
IBIT continues to have one of the biggest holdings of Bitcoin worldwide, thanks to periods of significant investment it experienced in the past.
After weeks of fluctuating investor feelings about ETFs, driven by rising Treasury yields and a tendency to avoid risk, investors began selling off their holdings.
Earlier in May, IBIT also recorded a record IBIT outflow day, per SoSoValue.
It will be clearer this week whether the money that recently left the market was just investors taking quick profits, or if it signals a larger change in the overall economic situation.
Read More
- Gold Rate Forecast
- BTC PREDICTION. BTC cryptocurrency
- APT PREDICTION. APT cryptocurrency
- ZEC PREDICTION. ZEC cryptocurrency
- BNB PREDICTION. BNB cryptocurrency
- USD CNY PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- WLD PREDICTION. WLD cryptocurrency
- USD JPY PREDICTION
- NEAR PREDICTION. NEAR cryptocurrency
2026-05-25 17:58