CoinDesk
An unknown investor executed a single $1.29 billion block sale of BlackRock's IBIT bitcoin ETF in a dark pool on Tuesday at 10:30 a.m. ET — what Galaxy Research head Alex Thorn called the largest trade of its kind he has ever seen. IBIT itself recorded $192.44 million in net redemptions on the day, per SoSoValue data.
The move landed on an already bruising session: the 11 U.S.-listed spot bitcoin ETFs collectively shed $334 million in net outflows Tuesday, extending a seven-day consecutive outflow streak — the second-longest since their January 2024 launch. Over the past two weeks, investors have pulled $2.26 billion from the funds.
The dark pool sale doesn't automatically mean the seller exited the fund entirely — buyers may have absorbed the block — but the net redemption figure confirms the day's overall momentum favoured the exits.
TheBlock
WuBlockchain
Crypto Rank News