BlackRock Bitcoin Sell-Off May 2026 Details: Dumps Over $1B In BTCBlackRock just moved roughly $1.01 billion worth of Bitcoin in a single week. That is around 13,000 coins sold through daily transactions between May 18 and May 22, 2026, according to on-chain data tracked by Arkham. The BlackRock Bitcoin sell-off is real, but the reason behind it is not what most people think.Why the BlackRock Bitcoin Sell-Off Is Not What the Headlines SuggestBlackRock did not wake up one morning and decide to dump Bitcoins. That is not how a crypto ETF works. When investors redeem their IBIT (iShares Bitcoin Trust ETF) shares, BlackRock has to sell the underlying $BTCs to pay them out. Every coin that left BlackRock's custody went toward fulfilling those redemptions, mostly through Coinbase.So the selling is mechanical, not emotional. BlackRock is not betting against Bitcoins. It is doing exactly what an ETF issuer is supposed to do when money flows out.That said, the scale matters. IBIT outflows have been running at multi-hundred-million-dollar clips in mid-May, and that kind of consistent exit pressure does push...
