Whale alert: Someone dumped $1.29 billion of BlackRock's bitcoin ETF in a dark pool trade
CoinDesk
A single investor executed a $1.29 billion dark pool trade of BlackRock's IBIT bitcoin ETF amidst a period of significant fund outflows.Summary
A massive $1.29 billion transaction involving BlackRock's IBIT bitcoin ETF was executed via a dark pool trade, an event highlighted by Alex Thorn of Galaxy as unusually large. This sale contributed to a broader trend of declining investor sentiment, with U.S.-listed spot crypto ETFs experiencing seven consecutive days of net outflows totaling $1.88 billion. While dark pool trades allow for private execution to minimize market impact, the move suggests a significant reduction in risk exposure by a major entity, potentially exerting further downward pressure on bitcoin's price.
(Source：CoinDesk)