BlackRock IBIT Block Trade of 29.2M Shares ($1.29B) Triggers 4.32K BTC ETF Outflows

A large New York-session block trade in BlackRock's spot Bitcoin ETF, IBIT, saw 29.2 million shares sold for about $1.29 billion, with the fund still trading near similar levels afterward. The activity coincided with net Bitcoin ETF outflows totaling 4.32K BTC ($324 million) and a combined daily trading volume of $6.07 billion.