BlackRock’s iShares Bitcoin Trust (IBIT) clients sold 1,948 BTC for approximately $122.66 million during a wave of redemptions. These sales reflect client-driven withdrawals, not a strategic decision by BlackRock, which holds no proprietary Bitcoin position. Redemptions are typically processed through Coinbase Prime, and May 2026 alone saw Bitcoin ETF outflows of approximately 15,000 BTC. Some months have recorded over $3 billion in total ETF outflows across the industry. IBIT remains one of the most successful ETF launches in history since its January 2024 debut.
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