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BlackRock clients withdraw $178M in Bitcoin from iShares Bitcoin Trust amid ETF outflows.

Market News
28 May 2026
Crypto Briefing
View Source
Neutral
pluang ai news

BlackRock clients have redeemed $177.95 million worth of Bitcoin exposure from the iShares Bitcoin Trust (IBIT), reflecting ongoing institutional adjustments in a volatile market. This outflow is part of a broader pattern of periodic withdrawals from US spot Bitcoin ETFs throughout 2025, driven by macroeconomic factors. Despite these redemptions, IBIT remains the largest US spot Bitcoin ETF by assets, and the outflow represents a small fraction of its total holdings, posing minimal immediate risk to the market. Investors should watch for simultaneous outflows across multiple ETFs, which could increase selling pressure if they accelerate significantly.

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