In brief
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%.
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.The nearly 29 million shares were executed at 10:30 a.m. ET, dwarfing all other trades of the session. The sale came as U.S. spot Bitcoin ETFs extended their outflow streak, with IBIT facing $192.4 million in net redemptions on Tuesday, per SoSoValue data.
