Bitcoin (BTC) price news: Whale dumps $1.29 billion of BlackRocks bitcoin ETF in a dark pool trade
WikiBit 2026-05-27 23:26
As investors pulled millions of dollars out of U.S.-listed spot crypto exchange-traded funds (ETFs) on Tuesday, one move stood out. A single investor
The transaction, however, doesnt necessarily signify a withdrawal from the fund. While one entity made a high-conviction move to exit, buyers may well have stepped in to soak up the volume.
The net outflow is the final tally for the day after all the buying and selling across the entire market.
IBIT had to process net redemptions worth $192.44 million, according to data source SoSoValue. This suggests that overall momentum was controlled by investors heading for the exit.
The trend is getting harder for the bulls to ignore. Investors have now yanked a total of $2.26 billion from the ETFs over the past two weeks. If these massive exits continue, the price of bitcoin may continue to lose ground.
The largest cryptocurrency has already pulled back to under $77,000 from highs above $82,000 on May 6, CoinDesk data show.
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