A $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust occurred on May 26. The transaction involved 29.21 million shares sold at a discount.
The sale took place off-exchange at $43.16 per share, representing a 2.3 percent discount to the market price and resulting in roughly $29.5 million in costs for the seller. NYDIG analysis concluded that the trade likely reflected a large investor seeking a quick exit from bitcoin exposure rather than an arbitrage unwind.
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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.
BlackRock’s iShares Bitcoin Trust saw $1.30 billion in outflows during the week of June 22-26. The fund accounted for nearly three-quarters of total US spot Bitcoin ETF exits that period. Bitcoin traded near $60,000 at the time of the data release.
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Bitcoin briefly climbed to just under $78,000 on Tuesday before retreating below $76,000 following a reported $1.289 billion block sale of BlackRock's IBIT shares. The move occurred as US stock indexes posted gains amid optimism over a potential Middle East agreement announced by President Trump. Bitcoin traded near $76,000 after the reversal.
Bitcoin opened the second half of 2026 trading near $58,600 following a 33 percent decline this year. Spot Bitcoin ETFs recorded $4.5 billion in net outflows during June. Analysts now weigh whether the cryptocurrency will rebound toward $100,000 or retest the $50,000 to $55,000 range.
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BlackRock filed paperwork this week to list a new Bitcoin income ETF on Nasdaq. The iShares Bitcoin Premium Income ETF, ticker BITA, is expected to begin trading as soon as June 18.
Strategy disclosed the sale of 32 Bitcoin in late May, marking its first such transaction to cover preferred stock payments. The move rattled investors and contributed to a sharp drop in the company's shares and Bitcoin prices.
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Bitcoin has climbed back near $60,000, but spot Bitcoin ETFs recorded their largest weekly net outflows in more than a year. Institutions appear to be selling aggressively into the price levels that previously drew buying interest.