{"id":5013,"date":"2026-06-02T15:29:21","date_gmt":"2026-06-02T15:29:21","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5013"},"modified":"2026-06-02T15:29:21","modified_gmt":"2026-06-02T15:29:21","slug":"mystery-trader-dumps-1-26b-in-blackrock-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5013","title":{"rendered":"Mystery Trader Dumps $1.26B in BlackRock Bitcoin ETF"},"content":{"rendered":"<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>A mystery trader sold 29.2 million shares of BlackRock&#8217;s IBIT on Tuesday using dark pool.<\/strong><\/li>\n<li><strong>The net outflow of $333.6 million occurred on the same trading day as the huge IBIT deal, continuing a streak of 11 trading days for US-listed Bitcoin ETFs.<\/strong><\/li>\n<\/ul>\n<p>Financial services firm\u00a0NYDIG&#8217;s head of research, Greg Cipolaro, speculates that last week&#8217;s $1.26 billion block transaction in <a href=\"http:\/\/BlackRock.com\" data-wpel-link=\"external\" target=\"_blank\" rel=\"follow noopener\">BlackRock&#8217;s<\/a> iShares Bitcoin Trust (IBIT) was probably a whale quickly getting out of a directional move.<\/p>\n<p>A mystery trader sold 29.2 million shares of BlackRock&#8217;s IBIT on Tuesday using dark pool, a private&nbsp;trading platform where institutions may covertly conduct big deals outside of public markets. This sparked suspicion over the motives and identities of the seller.<\/p>\n<p>Several signs were &#8220;consistent with a large directional holder exiting a concentrated position rather than a contemporaneous basis-trade unwind,&#8221; according to a research note by Cipolaro. According to him, a big directional holding was likely selling since the seller accepted the offer for $1.01 less than the market price of $44.17, forewent $29.5 million to guarantee instant execution, and used a private\u00a0trading platform.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-bitcoin-etf-outflows-continue\">Bitcoin ETF Outflows Continue<\/h3>\n<p>Major deals have the power to shift markets and influence public opinion. But in this instance, <a href=\"https:\/\/thenewscrypto.com\/bitcoin-bulls-face-growing-market-headwinds\/\" data-wpel-link=\"internal\">Bitcoin&#8217;s<\/a> (BTC) value fell 2.8% on the trading day after the deal. Eric Balchunas, an ETF analyst for Bloomberg, said at the time that, despite the large block sell, the market took the sale very well.<\/p>\n<p>The net outflow of $333.6 million occurred on the same trading day as the huge IBIT deal, continuing a streak of 11 trading days for US-listed Bitcoin ETFs, according to data from Farside Investors.<\/p>\n<p>Since the last net inflow was observed across numerous funds on May 14, more than $2.9 billion has been pulled out of the ETFs. At the same time, public opinion has been all over the place. On Monday, the crypto market&#8217;s &#8220;fear&#8221; index\u2014which gauges general opinion about cryptocurrencies\u2014returned a score of 29 out of 100. For the month of May, it likewise averaged a &#8220;fear&#8221; rating.<\/p>\n<p>Highlighted Crypto News Today:<\/p>\n<p><a href=\"https:\/\/thenewscrypto.com\/jpmorgan-ceo-slams-coinbase-warns-of-stablecoin-risks-in-clarity-act\/\" data-wpel-link=\"internal\">JPMorgan CEO Slams Coinbase, Warns of Stablecoin Risks in Clarity Act<\/a><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A mystery trader sold 29.2 million shares of BlackRock&#8217;s IBIT on Tuesday using dark pool. The net outflow of $333.6 million occurred on the same trading day as the huge IBIT deal, continuing a streak of 11 trading days for US-listed Bitcoin ETFs. Financial services firm\u00a0NYDIG&#8217;s head of research, Greg Cipolaro, speculates that last week&#8217;s&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5013"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5014"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}