BlackRock Bitcoin ETF Absorbs $1.3 Billion Block Trade Without Major Price Impact

BlackRocks spot Bitcoin ETF, IBIT, experienced a massive single block trade on May 26 after approximately $1.3 billion worth of shares changed hands in one transaction. Despite briefly shaking market sentiment, the ETF price quickly stabilized, showing strong market liquidity and investor confidence in the Bitcoin ETF sector. According to Bloomberg ETF analyst Eric Balchunas, nearly 29 million shares of BlackRocks IBIT ETF were traded at around 10:30 a.m. The transaction was executed at approximately $43.16 per share, bringing the total trade value to nearly $1.26 billion. Balchunas…  Read more

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