BlackRock’s Bitcoin ETF Records $1.29B Block Trade, $1.01B Redemptions
IBIT•BlackRock’s iShares Bitcoin Trust (IBIT) recorded a $1.29 billion dark-pool block trade and $1.01 billion in redemptions, contributing to $1.88 billion of spot Bitcoin ETF outflows and driving assets below $100 billion. On-chain data show roughly 15 000 BTC moved to Coinbase Prime for ETF redemptions as Bitcoin dipped toward $75 000.
1. Record IBIT Dark-Pool Block Trade
On May 26, IBIT executed a $1.29 billion off-exchange block trade covering nearly 29 million shares. This transaction ranks among the largest private-market Bitcoin ETF trades since U.S. spot ETFs launched, highlighting institutional rebalancing activity away from public order books.
2. Investor Redemptions Drain Over $1 Billion
Over the week ending May 22, IBIT saw $1.01 billion in investor withdrawals, contributing to $1.88 billion in spot Bitcoin ETF outflows and driving total net assets below $100 billion. Daily redemption flows prompted on-chain transfers of roughly 15 000 BTC to Coinbase Prime for settlement.
3. Market Impact and Bitcoin Price Pressure
The combined effect of substantial block trades and redemption-driven BTC transfers exerted downward pressure on Bitcoin, which dipped toward $75 000. Despite these outflows, ETF markets maintained orderly trading, though IBIT flows remain a key barometer of institutional sentiment.
