BlackRock crypto ETF dem withdrawals don pass $1.2B as Bitcoin dey lead di sell-off

Published: 2026-05-31 13:53:26 |

BlackRock crypto ETF dey see faster outflows this past week, wit more dan $1.2B wey dem withdraw combinated from Bitcoin (BTC) and Ethereum (ETH). Data show say net outflows steady for plenty sessions, and Bitcoin make up over 85% — mean say plenty people dey take profit and institutions dey reduce risk. Di biggest sell-off na BlackRock iShares Bitcoin Trust (IBIT), wey see about $1.04B net withdrawals. Di heaviest single day na May 27 with $527.8M, followed by continued outflows on May 28 ($177.9M) and May 29 ($68.2M). BlackRock Ethereum ETF products sef record outflows, ETHA get cumulative withdrawals of $193.7M; ETHB add $12.4M but e no reach to cover di bigger selling. Net ETH outflows na about $181.3M. For di wider market, caution still dey: U.S. spot Bitcoin ETFs post more dan $1.52B net outflows for di same period. Even so, Bitcoin do small rebound before weekend (around $77,443, up ~0.45% day-over-day), but traders warn say upside fit still dey capped. For BTC traders, di key signal na persistent Bitcoin ETF selling pressure. Watch whether BlackRock outflow trend go continue and whether broader U.S. Bitcoin ETF net flows remain negative — both fit keep short-term volatility high and downside risk alive.

Bearish

For BTC specially, di tori di news na negative overall. BlackRock dem dey sell Bitcoin ETF (IBIT outflows 'round $1.04B) and BTC dey dominate among withdrawals (>85% of combined BTC+ETH outflows) show say na continued de-risking dem dey do, no be one-time repositioning. Even though Bitcoin small recover before weekend, the steady Bitcoin ETF outflows — plus wider U.S. spot Bitcoin ETF net redemptions (> $1.52B same period) — mean supply pressure fit come back quick. Short term, traders suppose expect more volatility and upside fit dey capped if outflows continue. Long term, if these redemptions turn into steady inflows, the pressure go ease; but based on latest trend, market never show that shift yet, so downside risk remain high.