BlackRock Records $1.26 Billion Sale of IBIT

A major investor reportedly exited a position in BlackRock's spot Bitcoin ETF, IBIT, through an OTC deal.

A major investor has reportedly exited a position in BlackRock’s spot Bitcoin ETF, IBIT, through an over-the-counter transaction valued at $1.26 billion. On May 26, 29.21 million shares of IBIT changed hands off-exchange at $43.16 per share. The total transaction amounted to approximately $1.26 billion. The price was $1.01 below the fund’s market value, which stood at $44.17 at the time. The discount reached 2.3%, with analysts estimating execution losses at around $29.5 million.