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BlackRock's bitcoin ETF sees $528M outflow amid Middle East tensions and bitcoin price drop below $73K

Market News
28 May 2026
Coindesk
View Source
Bearish
pluang ai news

BlackRock's iShares Bitcoin Trust experienced its second-largest single-day outflow of $527.84 million, nearly matching its January record, as institutional investors pulled money amid rising Middle East tensions and bitcoin's price falling below $73,000. The broader market saw 11 U.S. spot bitcoin ETFs lose a combined $733.43 million, extending a two-week streak of outflows totaling over $2 billion. This sell-off followed a $1.29 billion dark-pool block trade and reflects a shift from accumulation to distribution in May, signaling cautious institutional trimming of bitcoin exposure. The situation's future impact depends on geopolitical developments and macroeconomic conditions, with past outflow periods reversing once stability returns.

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