It depends on the type of steel, the heat treat, size of media used for the bead blasting, whether or not the knife is cleaned after use, and more.
I've had bead blasted users that did not rust, including my Survive! GSO-4.7 in 3v. Every other 3V blade I've used (all were satin finished) has shown light surface corrosion but the Bead Blasted GSO hasn't 'freckled' after being used inside and outside in all sorts of weather.
Cheap knives, made from poor steel with a poor heat treat, then bead blasted will probably rust more easily than the same crappy knife if it were stonewashed instead. A bead blasted knife from Survive! or Microtech or any other maker who knows what they're doing shouldn't be a problem.
I like bead blasted fixed blades because they seem to get less "kydex scratches", probably due to less surface area being exposed to the sheath so they aren't as easily noticed as they would be on a smooth finish.