BlackRock's $1.29 Billion IBIT Dark Pool Sale and Bitcoin Price Stability
A single transaction of BlackRock’s iShares Bitcoin Trust (IBIT) worth approximately $1.29 billion was executed in a dark pool, the largest block trade in its history. Despite this massive sell-off, Bitcoin's price remained relatively stable after an initial drop of nearly -5%. The event highlights improved market depth and institutional infrastructure for Bitcoin.
Topics: Bitcoin ETF block trade institutional trading market depth