‘Boomers’ that pushed Bitcoin in 2024, are selling it in 2026

Back in the summer of 2023, BlackRock, the world’s largest investment fund, announced that it had filed an application for a Bitcoin ETF (Exchange-Traded Fund). Six months later, on January 10, 2024, to be precise, they launched the product, and “boomers” (the generation born between 1946 and 1964) piled in.

However, as predicted back then, it is those same “boomers” who are selling off their Bitcoin again when conditions take a turn for the worse.

SpaceX

Just as various global economic bodies warn of an AI bubble (especially now that SpaceX has briefly traded below its IPO price), an increasing number of Baby Boomers have been shifting their crypto investments, typically from BlackRock’s iBIT fund, into an AI fund from the same provider.

iBIT (iShares Bitcoin Trust ETF), like other Bitcoin ETFs, has tracked the Bitcoin price curve almost perfectly over the past two years, albeit with a slight lag. Boomers bought in, and the Bitcoin price rose steadily; they sold off when the price dropped, thereby driving the entire crypto market down.

In May 2025, the various Bitcoin ETFs saw an inflow of around $2 billion in new investments; in June 2026, the trend reversed, with approximately $4 billion being cashed out.

So, those ‘boomers’ didn’t exactly have ‘diamond hands’.