BlackRock's IBIT Records $192M Bitcoin Outflow as Institutions Trim Exposure

BlackRock's spot Bitcoin ETF saw a notable pullback from institutional clients, with more than $192 million in Bitcoin redeemed on May 26, according to figures shared by Crypto Patel. The data indicated withdrawals of 2,538.282 BTC at an estimated average price of about $75,813 per coin, implying total outflows of roughly $192.44 million in a single session. Despite the selling, BlackRock's iShares Bitcoin Trust (IBIT) remains one of the world's largest institutional Bitcoin vehicles. The fund is still reported to hold around 801,477.1355 BTC, valued at approximately $59.90 billion at prevailing prices. Ethereum-linked products tied to BlackRock also posted smaller redemptions. Clients sold about 864.8713 ETH, or roughly $1.87 million, at an estimated average price near $2,162 per ETH. BlackRock's combined ETHA and ETHB holdings are still said to total close to 3.3 million ETH, valued at about $6.8 billion. Separately, more than 226,000 ETH is reportedly staked, worth roughly $465 million. Large ETF flow swings are closely watched across crypto markets as a gauge of institutional sentiment. While one-day outflows do not necessarily point to a longer-term reversal, traders often read them as signs of near-term caution, particularly during volatile periods. Disclaimer: This content is for informational purposes only and does not constitute financial advice. Readers should conduct their own research before making financial decisions.