NYDIG: $1.3B IBIT Block Trade Shows Whale Urgency to Exit Bitcoin Position
A massive $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT) last week was likely executed by a large directional holder seeking an immediate exit, according to Greg Cipolaro, head of research at NYDIG. The transaction, which involved 29.2 million shares sold on a dark pool, has sparked questions about the seller’s identity and…
