BlackRock’s IBIT Redeems $1.01B in Bitcoin Amid Viral Fink Clip

BlackRock-linked wallets sold $1.01 billion of Bitcoin across five trading days last week amid redemptions from the iShares Bitcoin Trust (IBIT).

When investors redeem IBIT shares, the fund must sell underlying Bitcoin to cover the outflows. The $1.01 billion figure reflects client withdrawals rather than a directional investment decision by BlackRock.

The sales occurred while Bitcoin traded near $77,000, and market participants absorbed the supply without a sustained price decline.

A short clip of BlackRock CEO Larry Fink praising crypto recirculated as the redemptions were reported. The clip, from October 2025, quotes him calling crypto “not a bad asset” and saying it has “a role” alongside gold.

In a 2024 interview he described Bitcoin as “an alternative source for wealth holding,” noted he did not expect it to become a currency and called it an asset class, while adding that blockchain will enable digital currencies.

IBIT remains one of the largest institutional holders of Bitcoin after prior inflow periods. The recent redemptions reduced the fund’s holdings but left it with a substantial Bitcoin position.

Earlier in May the fund recorded a separate high-volume outflow day. Treasury yields rose in recent weeks, coinciding with swings in ETF sentiment and investor rebalancing that generate mechanical sell orders when redemptions are processed.

Market participants will monitor daily ETF flow data and Treasury yield movements for signs of whether redemptions continue.