Spot Bitcoin ETFs Post $334 Million Outflow, Extend Streak to 7 Days as BlackRock's IBIT Sees $1.29 Billion Dark Pool Sale
Spot Bitcoin ETFs recorded net outflows of about $334 million on May 26, extending their streak to seven straight days, according to SoSoValue data. An unknown investor also executed a single $1.29 billion dark pool sale of BlackRock's IBIT, while cumulative withdrawals from Bitcoin funds over the seven-day stretch reached $1.88 billion.
Ethereum spot ETFs posted about $35.04 million of net outflows, marking an 11th straight day of withdrawals, while XRP spot ETFs saw $1.55 million of net inflows. The IBIT trade involved about 29 million shares and barely moved the fund's price, and Galaxy Digital's Alex Thorn described it as the largest trade of its kind.
From the sources (8 posts)
@tftc21Someone sold $1.3 billion of IBIT in a single block trade this morning. 29 million shares. Price barely moved.
@cointelegraph🚨 TODAY: A $1.3 billion block trade of BlackRock's $IBIT was executed at 10:30am, dwarfing all other trades on the day, per Bloomberg's Eric Balchunas. The market absorbed it with no price impact.
@cointelegraph🇺🇸 ETF FLOWS: XRP spot ETFs saw net inflows on May 26, while BTC and ETH spot ETFs saw net outflows. BTC: -$333.71M ETH: -$35.04M XRP: $1.55M
@wublockchainAccording to SoSoValue data, on May 26 (Eastern Time), Bitcoin spot ETFs recorded a total net outflow of USD 334 million, marking seven consecutive days of net outflows. Ethereum spot ETFs recorded a total net outflow of USD 35.0383 million
@coindeskMARKETS: An unknown investor executed a single $1.29B dark pool sale of @BlackRock's $IBIT as Bitcoin ETFs log seven straight days of outflows totaling $1.88B, per @intangiblecoins.
@theblockcoSpot bitcoin ETFs continue outflow streak amid $1.3 billion IBIT whale trade
@kalshi_cryptoJUST IN: BlackRock sells $190M worth of Bitcoin
@coinmarketcapLATEST: 📊 A $1.29B dark-pool sale of BlackRock’s IBIT shares on Tuesday was the largest trade of its kind, Galaxy Digital’s Alex Thorn says.