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BlackRock’s IBIT Records Massive $1.29 Billion Dark Pool Block Trade on Nasdaq

On Tuesday, a massive $1.29 billion dark pool block trade linked to BlackRock’s iShares Bitcoin Trust (IBIT) was executed on the Nasdaq exchange. The transaction involved approximately 29 million shares, briefly exceeding the exchange-traded fund's (ETF) typical daily trading volume. According to Galaxy Research analyst Alex Thorn, this represents the largest IBIT block trade recorded to date. Despite the significant institutional activity, Bitcoin maintained its price stability, holding steady above the $75,000 threshold throughout the trading session. Dark pools serve as private execution venues, allowing institutional investors to manage large-scale positions while minimizing immediate market price impact. This record-breaking trade underscores the growing institutional appetite and liquidity depth within the spot Bitcoin ETF market.
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