BlackRock’s iShares Bitcoin Trust accelerated its Bitcoin sell-off on May 18 by depositing 2,221 BTC worth about $170.59 million to Coinbase Prime, ending a six-week buying streak that accumulated nearly $3 billion in Bitcoin. This sell-off coincided with Bitcoin's price falling below $78,000 after rejecting a key resistance level near $82,200, partly influenced by regulatory developments like the Clarity Act. The Bitcoin market cap also dropped by $22.3 billion in 24 hours. Analysts suggest Bitcoin could fall further to around $72,000 unless BlackRock resumes buying, which might trigger a price rebound.
Bitcoin ETFs experienced their strongest month of 2026 in April with about $2 billion in net inflows, driven by easing U.S.-China trade tensions, Bitcoin's price recovery near $80,000, and strong demand for BlackRock’s IBIT fund. However, in the week...
In 2026, the Fidelity Crypto Industry and Digital Payments ETF (FDIG), which holds companies involved in bitcoin and crypto, has gained 18.52%, while the iShares Bitcoin Trust ETF (IBIT), holding only bitcoin itself, has dropped 6.4%. FDIG’s better p...
In May, BlackRock's iShares Bitcoin Trust (IBIT) increased its Bitcoin holdings by over $537 million, rising from about 810,000 to 823,000 BTC early in the month. However, the fund later reduced its holdings by 6,000 BTC, signaling a shift from accum...
