BlackRock’s iShares Bitcoin ETF recorded its largest single-day outflow on May 27, 2026, selling $527.8 million worth of BTC. This sale is part of a broader trend, with the world’s largest asset manager divesting over $1.5 billion in Bitcoin this month. Concurrently, Bitcoin’s price has dropped to around $72,000, a 5.5% weekly decline, amid macroeconomic pressures including high inflation and geopolitical tensions.
According to Farside Investors data, BlackRock’s IBIT Bitcoin ETF sold $527.8 million worth of BTC on May 27. This marks the largest single-day outflow in the fund’s history, contributing to over $1.5 billion in total sales over recent weeks.
Bitcoin has suffered significant price declines, falling to the $72,000 level after earlier reclaiming $82,000. According to CoinGecko’s Bitcoin statistics, BTC has fallen 5.5% in the last week.
The broader cryptocurrency market saw about $930 million worth of liquidations in the last 24 hours. This sell-off coincides with failed talks between the US and Iran, raising concerns over re-escalated military operations.
High inflation numbers have significantly reduced chances of an interest rate cut by the Federal Reserve. Recent developments may keep interest rates unchanged or even lead to a hike, creating an unfavorable environment for high-risk assets like Bitcoin.
The pro-crypto CLARITY Act is in its final stages and may pass into law soon. Such legislation could potentially elevate investor sentiment and provide some market relief.
