BlackRock IBIT ETF Records $1.29 Billion Off-Exchange Trade

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BlackRock's IBIT Bitcoin ETF recorded $1.29 billion in inflows from off-exchange trading, covering nearly 29 million shares. The trade occurred on Nasdaq and briefly exceeded the ETF’s daily trading volume. Despite the substantial inflows, Bitcoin remained above $75,000, indicating strong market depth. Traders are now monitoring for additional ETF inflows and potential outflows in the coming days.
CoinDesk reports:

BlackRock’s IBIT Bitcoin ETF executed an off-exchange block trade of approximately $1.29 billion, involving nearly 29 million shares. Market participants noted that the size of this transaction is unusual and reflects continued strong institutional participation in spot Bitcoin products.

Large trades attract attention

This trade occurred in the Nasdaq-related market. Alex Thorn stated that this was the largest IBIT block trade he had ever seen. The trade volume briefly exceeded the ETF’s daily trading volume, indicating strong order absorption capacity from both buyers and sellers.

Bitcoin's price remains stable.

Despite such a large transaction, Bitcoin has held above $75,000. The report suggests that the market absorbed the order smoothly, without triggering significant volatility.

Institutional fund flows are under scrutiny.

Traders will continue to monitor whether institutions further increase their allocations to ETFs. If similar trades persist, inflows into spot Bitcoin ETFs and the price stability of Bitcoin will remain key market focus areas.

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