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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/05/2026

BlackRock ETF Outflows Spark Confusion Over $2B 'Sale'

What happened: Reports circulated that BlackRock "sold over $2 billion" in Bitcoin and Ethereum, citing a single Coin Bureau social media post.

BlackRock ETF Outflows Spark Confusion Over $2B 'Sale'

What happened: Reports circulated that BlackRock "sold over $2 billion" in Bitcoin and Ethereum, citing a single Coin Bureau social media post. The claim referenced 30,119 BTC ($1.92B) and 161,829 ETH ($320M) allegedly sold over ten days. However, mainstream ETF flow trackers and CoinDesk reporting show that BlackRock’s IBIT (iShares Bitcoin Trust) actually received net inflows during this period, and that ETF redemptions are driven by investor activity, not discretionary selling by BlackRock itself.

Why it matters: Misinterpretation of ETF mechanics can lead to market confusion. While US spot Bitcoin ETFs did experience a record 13-day outflow streak totaling ~$4.4B, the narrative that BlackRock itself was actively selling is inaccurate. This episode highlights the need for careful analysis of ETF flows and the distinction between sponsor and investor actions, especially during periods of heightened volatility and sentiment-driven reporting.

Source: Watcher.Guru; CoinDesk