The wallet linked to BlackRock offloaded Bitcoin (BTC) worth $1.01 billion over the past five trading days, creating a sell-off wave coinciding with a viral clip of Larry Fink praising crypto once again.

This comparison has sparked widespread debate as BTC hovers around the $77,000 mark, indicating that other buyers are absorbing the supply coming from the redemption of the iShares Bitcoin Trust (IBIT).

The audio clip of Larry Fink that's circulating now is several months old. The clip where he stated that crypto is 'not a bad asset' and 'has a role' alongside gold comes from the CBS 60 Minutes show that aired in October 2025.

Meanwhile, this audio clip has become news alongside BlackRock's redemptions, making institutional support compared to redemption data that pointed in the opposite direction.

Fink's overall stance remains unchanged. His past views on crypto have heavily emphasized the tokenization of real assets, while the Bitcoin ETF is seen as a starting point.

I believe this is an alternative source for holding wealth. I don't think [Bitcoin] will become a currency in the future; I see it as an asset class. However, we will create digital currencies and use blockchain, Fink stated in an interview in 2024.

The original clip being circulated aligns with this long-term view.

Follow us on X for real-time updates on the latest news.

Cash flow movements reveal customer behavior, not strategies.

Selling IBIT happens automatically; when investors redeem ETF shares, the fund sells the underlying Bitcoin to support those withdrawals. Thus, the $1.01 billion figure is a measure of customer withdrawals, not a directional bet by BlackRock.

IBIT continues to hold Bitcoin as one of the largest positions in the world, a status built on record-breaking inflows.

Mass redemptions occurred after just a few weeks of volatile sentiment towards ETFs, a climate pressured by rising Treasury yields, even as investors behaved more risk-averse.

Earlier this May, IBIT recorded a historic outflow of IBIT, according to data from SoSoValue.

Whether last week's outflow reflects short-term profit-taking or a deeper macro shift will become clearer this week.