Institutional investors executed a $1.29 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT). The transaction took place on May 26 in a dark pool. These private exchanges allow institutions to trade large volumes without immediate public price impact.
The trade occurred at approximately $43.16 per share. This single event surpassed the average daily trading volume for IBIT. It ranks as one of the largest institutional trades in the history of spot Bitcoin ETFs.
Bitcoin prices remained stable despite the scale of the transaction. The market absorbed the move without significant volatility.