Mystery Trader Dumps $1.26B in BlackRock Bitcoin ETF

Financial services firm NYDIG’s head of research, Greg Cipolaro, speculates that last week’s $1.26 billion block transaction in BlackRock’s iShares Bitcoin Trust (IBIT) was probably a whale quickly getting out of a directional move. A mystery trader sold 29.2 million shares of BlackRock’s IBIT on Tuesday using dark pool, a private trading