Bitcoin News: A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor, NYDIG says

NYDIG Suggests $1.3B IBIT Trader Wanted Quick Exit

NYDIG’s Greg Cipolaro says a sale below market price and giving up millions of dollars for immediate execution indicates a large directional holder exited a trade on BlackRock’s IBIT last week.

Bitcoin News: A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor, NYDIG says

NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.

A mystery whale paid $30 million to exit BlackRock Bitcoin ETF before the market fell

Last week, an institutional investor executed the largest single off-exchange trade in the history of US spot Bitcoin exchange-traded funds, offloading a $1.26 billion position in BlackRock’s iShares Bitcoin Trust (IBIT). While the transaction has sparked intense debate on Wall Street, an analysis from NYDIG suggests the sale was a targeted, urgent retreat by a whale rather than the routine closure of a popular hedge fund arbitrage play. Accordi…

NYDIG Says $1.3 Billion IBIT Trade Reveals Urgent Bitcoin ETF Exit

NYDIG says a $1.26 billion off-exchange sale of BlackRock’s spot Bitcoin ETF, IBIT, was most likely a large directional holder exiting fast, rather than a basis-trade unwind. The May 26 block trade stood out not only for its size, but for the $29.5 million discount the seller accepted to move the position immediately. In its […]

BlackRock's IBIT Sees $1.26 Billion Block Sale in One of Bitcoin ETF Market's Largest Single Transactions – #CryptoUpdatesGNIT

A massive off-exchange trade has drawn scrutiny over who sold, why they sold at a steep discount, and what it signals for institutional bitcoin demand A single block sale worth $1.26 billion in shares of BlackRock’s iShares Bitcoin Trust (IBIT) executed on May 26, 2026, has become one of the most closely analyzed transactions in the short history of spot bitcoin exchange-traded funds. The trade, executed at a notable discount to market price, po…

Shocking $1.26 Billion Bitcoin ETF Trade Sees Mysterious Whale Dump BlackRock’s IBIT Shares in Private Dark Pool in United States Sparking Market Panic Debate

A staggering $1.26 billion transaction involving iShares Bitcoin Trust (IBIT) has triggered intense speculation in financial markets, after analysts suggested the trade may represent a large investor abruptly exiting a major position. The block sale, executed last week, has drawn attention not only for its size but also for the method used, raising questions about whether it signals shifting sentiment among sophisticated crypto-linked investors.…