BlackRock Outflows Trigger 'Golden Era' for Bitcoin
Large-scale capital outflows from U.S. crypto funds have continued for the ninth consecutive day and show no sign of stopping. Just before the start of the May 29 trading session, investment giant BlackRock transferred another large batch of assets worth 2,448 $BTC valued at $180 million to Coinbase Prime, according to Arkham. As is already clear by the end of the month, institutional players are taking profits out of ETFs because of the Feds restrictive policy and U.S. Treasury yields at 5.20%. However, this prolonged sell-off unexpectedly exposed a tectonic change, as Bitcoin volatility fell to the level of defensive precious metals, specifically gold. BlackRocks transaction with Bitcoin to Coinbase as of May 29, 2026, Source: ArkhamHow Bitcoin vaults toward gold status for Wall Street According to the latest data from the Bloomberg terminal, the 60-day historical volatility of the Bitcoin fund IBIT fell to 34.177%. At the same time, volatility in the gold ETF GLD rose to 27.227% amid geopolitical tensions. This makes the gap between the fluctuations of $BTC and physical metals narrow to a record low of just 7%. For Bloomberg senior ETF analyst Eric Balchunas, this exact factor determines the long-term viability of cryptocurrency, although it is completely ignored in