BlackRock sold Bitcoin every day last week, totaling $1.01 billion, but the pattern suggests routine settlement rather than a rapid exit. BlackRock’s concurrent expansion of tokenized crypto products indicates continued engagement with digital assets. Other major market participants also reduced Bitcoin ETF exposure, including Jane Street and Goldman Sachs, pointing to a broader institutional cooling rather than a single firm turning bearish. Earlier strong ETF inflows in April reversed sharply as Bitcoin moved above $80,000, and net inflows for the year fell to about $536 million. Bitcoin’s ability to stay above $77,000 appears supported by speculative trading even as institutional demand weakens.
"On-chain tracker Arkham posted that BlackRock had sold Bitcoin every single day last week-$1.01 billion worth in total-and ended with the line everyone latched onto: "If BlackRock is selling, who's buying?" The easy read is that the world's largest asset manager is losing faith in Bitcoin. However, the real reason is more ordinary, and it says more about BlackRock's customers than about BlackRock itself."
"A firm that had soured on Bitcoin would sell quickly and get out. But BlackRock did the opposite, spreading the selling evenly across five days-the measured rhythm of routine settlement, not a firm racing for the door. Its own behavior the same week backs that up. While IBIT was settling those redemptions, BlackRock filed a second tokenized fund with the SEC. A company calling the top on Bitcoin doesn't expand its digital-asset business in the same breath."
"However, the bigger shift is who else was selling. Jane Street, one of the most active firms in the ETF market, cut its Bitcoin ETF holdings by about 70% in the first quarter, and Goldman Sachs trimmed its position too. The selling reflected a cooling across the institutional side of the market, not a single firm's call. Just weeks earlier, April had been the strongest month of 2026 for spot Bitcoin ETFs, pulling in $1.97 billion as Bitcoin pushed above $80,000."
"That momentum has reversed so sharply that the year's net inflows have shrunk to around $536 million. The same crowd that chased Bitcoin above $80,000 in April is the crowd cashing out now. If Everyone's Selling, Why Is Bitcoin Still Above $77,000? The floor under Bitcoin, though, looks thinner than the price suggests. Much of the recent resilience leaned on speculative traders in the fu"
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