BlackRock’s IBIT Sees $1.3 Billion Dark Pool Sale as ETF Outflows Deepen

CryptoProwl

Wed, May 27, 2026 astatine 9:44 AM CDT 2 min read

A $1.3 cardinal artifact of BlackRock’s iShares Bitcoin Trust (NASDAQ: $IBIT) changed hands successful a acheronian excavation Tuesday morning, putting caller unit connected a Bitcoin marketplace already moving done different agelong of ETF outflows.

The off-exchange commercialized covered astir 29 cardinal IBIT shares and was executed astatine 10:30 a.m. ET. The size stood retired crossed the day’s enactment and ranks among the largest private-market Bitcoin ETF transactions since U.S. spot products began trading past year.

Dark excavation trades are designed to support ample orders distant from nationalist bid books, reducing the contiguous daze that tin travel erstwhile a large seller exits done unfastened markets. In this case, Bitcoin avoided a deeper break, but the portion inactive showed accent astir the transaction window. Decrypt reported that Bitcoin slipped astir 1.4% connected a little timeframe, moving from astir $78,000 toward $77,000 during the merchantability flow.

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IBIT besides faced $192.4 cardinal successful nett redemptions connected Tuesday, portion U.S. spot Bitcoin ETFs posted $334 cardinal successful full nett outflows for the week arsenic of Tuesday. That followed 2 consecutive weeks of heavier withdrawals, including $1 cardinal and $1.26 cardinal successful redemptions.

The larger question is whether the artifact merchantability was a one-off rebalance oregon a cleaner awesome that organization request has cooled aft Bitcoin’s outpouring rally. Shawn Young, main expert astatine MEXC Research, said the absorption looked “more similar a ample portfolio accommodation than a disorderly liquidation.”

That favoritism matters for marketplace structure. The commercialized did not make a afloat liquidity break, but it showed however ample ETF selling tin inactive bleed into Bitcoin (CRYPTO: $BTC) pricing adjacent erstwhile routed distant from disposable bid books.

For now, IBIT remains the largest nationalist wrapper for spot Bitcoin exposure, making its flows a cleanable work connected however overmuch organization condemnation is inactive down the trade.

BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT) is presently trading astatine $42.36 U.S. per share.