According to data from Arkham, the world’s largest asset manager, BlackRock, has sold more than $1 billion worth of Bitcoin (BTC). The financial institution has sold BTC on every single day of the last week. According to Farside Investors, BlackRock’s most significant outflow came on May 19, 2026, when the firm sold $448.4 million worth of BTC. Let’s discuss what’s going and if Bitcoin’s (BTC) price will take a hit in the coming days.
Why Is BlackRock Selling Its Bitcoin?
BlackRock’s recent selling spree comes amid a larger market correction. Bitcoin (BTC) and the larger cryptocurrency market took a hit after inflation data came in higher than anticipated. Rising crude oil prices and high bond yields have led to worries than inflation may continue surging. The development has also drastically reduced the chances of an interest rate cut, which many anticipated after the coming of Kevin Warsh as the new Federal Reserve Chair.
Not only has BlackRock been selling Bitcoin (BTC), but billionaire investor Mark Cuban has also sold a majority of his BTC. According to Cuban, the asset failed to perform as a hedge during the recent Middle East crisis and dollar weakness. The billionaire stated, “Bitcoin was always the best alternative to fiat currency losing its value and I always thought it was a better version of gold than gold. Well, gold just blew up… Bitcoin dropped. And every time the dollar dropped, bitcoin should’ve gone up … and it just didn’t do that.“
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It is possible that BlackRock is selling Bitcoin (BTC) for the exact same reason. The asset has struggled to perform since late 2025, albeit it has recovered substantial value since falling to $62,000 in February. Moreover, the US-Iran war seems to have no end in sight. Geopolitical tensions, rising crude oil prices, and inflation may have prompted the financial institution to reduce its exposure to high-risk assets.