A single block trade of 29.2 million shares in BlackRock’s IBIT Bitcoin ETF crossed at $43.16 for roughly $1.26 billion on May 27. The transaction produced almost no price movement in either the ETF or Bitcoin itself. Market participants absorbed the sale through organized liquidity channels without disorderly repricing.
The trade occurred at 10:30 a.m. ET in a dark pool and represented about 35 percent of IBIT’s intraday volume that session. IBIT closed the day at $42.99, up 0.09 percent, while Bitcoin traded near $75,911, down 1.73 percent. A brief 1 percent dip in Bitcoin recovered immediately after the print.
