IBIT
Bitcoin absorbs $1.3 billion BlackRock ETF block trade
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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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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.