{"id":11930,"date":"2026-05-28T05:00:30","date_gmt":"2026-05-28T05:00:30","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-drop-linked-to-hidden-1-3-billion-etf-trade-analyst-reveals\/"},"modified":"2026-05-28T05:00:30","modified_gmt":"2026-05-28T05:00:30","slug":"bitcoin-drop-linked-to-hidden-1-3-billion-etf-trade-analyst-reveals","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-drop-linked-to-hidden-1-3-billion-etf-trade-analyst-reveals\/","title":{"rendered":"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals"},"content":{"rendered":"

Eight straight days. That is how long US spot Bitcoin ETFs have been bleeding money, with more than $2 billion in net outflows recorded since May 14 \u2014 and Tuesday’s session added another ugly chapter to that streak.<\/p>\n

A Sell Order Like No Other<\/h2>\n

A single trader sold over 29 million shares of BlackRock’s iShares<\/a> Bitcoin Trust ETF on Tuesday through a dark pool, a private trading platform used by institutions to quietly execute large orders away from public markets.<\/p>\n

The transaction, valued at $1.3 billion, was executed at $43.16 per share at 2:30 pm UTC. Alex Thorn, head of firmwide research at Galaxy Digital, said it was the biggest dark pool trade in the fund he had ever seen.<\/p>\n

Bloomberg ETF analyst Eric Balchunas added more weight to that claim, pointing out that the sell order<\/a> was more than 22 times larger than the second-biggest IBIT sell order recorded on the same day. The identity of the trader has not been disclosed.<\/p>\n

\n

massive $1.289 billion IBIT block sale by unknown party through dark pool at 10:30am today, biggest such trade i’ve ever seen pic.twitter.com\/9qGDqkfCbu<\/a><\/p>\n

\u2014 Alex Thorn (@intangiblecoins) May 26, 2026<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

Bitcoin Slid Within Minutes<\/h2>\n

Price data from TradingView shows Bitcoin <\/a>fell 1.45% \u2014 from $77,870 to $76,721 \u2014 within 10 minutes of the trade being executed. The drop did not stop there. Bitcoin continued sliding and hit a 24-hour low of $75,600 roughly 12 hours later, marking a 2.5% loss for the day.<\/p>\n

Tuesday’s total outflow from US spot Bitcoin ETFs<\/a> came in at $333 million, with IBIT alone accounting for over $192 million of that figure. That brings the cumulative outflow since May 14 past the $2 billion mark.<\/p>\n

<\/p>\n

Institutions Pulling Back<\/h2>\n

The sell-off fits a broader pattern of institutional retreat. Jane Street cut its Bitcoin ETF holdings by around 70% in the first quarter, while Goldman Sachs trimmed its position by 10%.<\/p>\n

Bitcoin has historically traded outside the orbit of traditional financial markets, but the rise of US-based Bitcoin ETFs has pulled institutional investors in \u2014 and now some are heading for the exit.<\/p>\n

Fresh capital entering the market has not been enough to offset the pace of withdrawals, according to reports. Whether Tuesday’s massive dark pool transaction signals a shift in strategy by a major holder, or simply a one-time portfolio move, remains unknown.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Eight straight days. That is how long US spot Bitcoin ETFs have been bleeding money, with more than $2 billion in net outflows recorded since May 14 \u2014 and Tuesday’s session added another ugly chapter to that streak. A Sell Order Like No Other A single trader sold over 29 million shares of BlackRock’s iShares…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,634,29,243,32,51],"class_list":["post-11930","post","type-post","status-publish","format-standard","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-etf","tag-bitcoin-price","tag-blackrock","tag-btc","tag-crypto"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/11930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=11930"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/11930\/revisions"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=11930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=11930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=11930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}