Bitcoin · Bitcoin ETF · CryptoSlate
Bitcoin just absorbed a single $1.3 billion IBIT block trade with barely any price movement
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◌ Single Source
ET, a single IBIT print of 29,212,864 shares, crossed at $43.16, for a notional of roughly $1.26 billion.
Key facts
- ET, a single IBIT print of 29,212,864 shares, crossed at $43.16, for a notional of roughly $1.26 billion
- IBIT ended the sequence at $42.99, up about 0.09%, while Bitcoin traded around $75,911, down roughly 1.73%
- IBIT's intraday volume of 83.86 million shares gave the market enough daily turnover to absorb even a 29.2 million-share print, and a buyer or a network of buyers matched the seller at $43.16
- The next-largest visible movement was 1.3 million shares, making one trade dwarf everything else in IBIT's session, accounting for about 34.8% of the ETF's reported intraday volume of 83.86 million
Summary
01 A 29.2 million-share IBIT block trade crossed around $1.26 billion of Bitcoin ETF exposure in one transaction. 02 The trade barely moved IBIT, showing the ETF market can absorb billion-dollar transfers without disorderly repricing. 03 The key question is whether BlackRock reports a large outflow, which would turn secondary-market volume into Bitcoin selling. The next-largest visible movement was 1.3 million shares, making one trade dwarf everything else in IBIT's session, accounting for about 34.8% of the ETF's reported intraday volume of 83.86 million shares.