A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor, NYDIG says

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Crypto News

A $1.26 billion block sale of BlackRock’s iShares Bitcoin Trust (IBIT) this week might have been driven by a large investor seeking a rapid exit from bitcoin exposure rather than the unwinding of a common hedge-fund trading strategy. That’s according to an analysis published by crypto investment firm NYDIG. The transaction took place on May […]