Bitcoin ETF · Bitcoin · Decrypt
$1.3 billion Worth of BlackRock's IBIT Changes Hands in Dark Pool Sale
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A $1.3 billion block of BlackRock’s iShares Bitcoin Trust (IBIT) shares changed hands in a dark pool Tuesday morning, marking one of the largest off-exchange Bitcoin ETF transactions since the products launched 15 months ago.
Key facts
- Across all spot Bitcoin ETFs, the week’s total net outflows stood at $334 million as of Tuesday, following two consecutive weeks of $1 billion and $1.26 billion in redemptions
- Users on prediction market Myriad, owned by Decrypt’s parent company Dastan, put a 69% chance on Bitcoin’s next move pushing it to $84,000 instead of dropping to $55,000
- A $1.3 billion block of BlackRock’s iShares Bitcoin Trust (IBIT) shares changed hands in a dark pool Tuesday morning, marking one of the largest off-exchange Bitcoin ETF transactions
- Confirmed. 29 million share trade ($1.3b) of $IBIT executed at 1030am this morning
Summary
A $1.3 billion block of BlackRock’s IBIT was traded in a dark pool sale Tuesday, one of the largest since the launch of U.S. spot Bitcoin ETFs. Though Bitcoin held steady on a higher timeframe, a closer look shows it shed nearly 1.4% around the time of the transaction. Myriad users reduced bullish expectations, putting a 69% chance on Bitcoin hitting $84,000 next, down from last Monday’s 79%. The nearly 29 million shares were executed at 10:30 a.m.