BlackRock’s IBIT Sold $1.01B in Bitcoin as Fink Clip Resurfaced

BlackRock’s iShares Bitcoin Trust sold $1.01 billion of Bitcoin over five trading days last week as investors redeemed ETF shares. The sales coincided with a resurfaced October 2025 interview in which BlackRock CEO Larry Fink described crypto as “not a bad asset” and noted “there is a role for crypto, in the same way there’s a role for gold.”

When ETF shareholders request redemptions, IBIT sells the underlying Bitcoin to meet withdrawals. The $1.01 billion figure therefore reflects client exits rather than a directional bet by BlackRock.

Bitcoin traded near $77,000 during the selling. Market and on-chain data show other buyers absorbed the supply released by the fund. The sales were spread across five consecutive trading days. Earlier in May, IBIT recorded a record single-day outflow. Higher U.S. Treasury yields this month contributed to swings in investor risk appetite that affected ETF flows.

IBIT continues to hold one of the largest institutional Bitcoin allocations globally, a position accumulated during earlier periods of strong inflows.

In a 2024 interview, Fink described himself as “a believer” in Bitcoin as “an alternative source for wealth holding,” adding he did not expect Bitcoin to become a currency and referred to it as “an asset class.” Those remarks align with his past comments on tokenization and the role of digital assets.

ETF flow activity is executed by the fund’s trustee and managers to cover redemptions, creating observable market and on-chain moves without directly indicating a change in the sponsor’s investment thesis.

Trading and flow data in the days ahead will indicate whether the recent selling subsides or continues.