A dark pool trade for BlackRock’s iShares Bitcoin Trust reached approximately $1.3 billion. The transaction involved the sale of roughly 29.2 million shares. This event represents one of the largest institutional trades ever recorded for a Bitcoin ETF.
The trade occurred as IBIT marked its eighth consecutive day of net outflows on May 26. U.S. spot Bitcoin ETFs have seen over $2 billion in total withdrawals since mid-May.
The market absorbed the block sale without causing a major immediate price disruption for Bitcoin. Analysts are debating whether the trade signals a major institutional exit or increasing market maturity.