$1.3B IBIT Block Trade Coincides With Bitcoin Volatility as Traders Watch ETF Flows
Bitcoin trading activity turned volatile during the U.S. session as traders reacted to a reported $1.3 billion block transaction tied to BlackRock’s IBIT ETF Senior ETF analyst Eric Balchunas confirmed that about 29 million shares of IBIT traded at approximately 10:30 a.m., totaling about $1.3 billion. According to Balchunas, the market absorbed the trade without […]
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