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via Cointelegraph · By Cointelegraph Staff
Bitcoin Price Shrugs off $1.3B BlackRock ETF Block Sale
BTC
BTC/USDT
$63,100.89
+0.13%
$63,100.89
+0.13%
(24s)24h Volume
$2,094,122,432.04
24h H/L
$63,175.00 / $62,968.45
Change: $206.55 (0.33%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0033%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(02:24 PM UTC)
1 min read
A roughly $1.3 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT) tested liquidity in the largest spot Bitcoin exchange-traded fund (ETF) as Bitcoin products faced a fresh stretch of outflows.
Bloomberg’s ETF analyst, Eric Balchunas, confirmed the transaction, adding that the market “absorbed it well” as IBIT’s price remained largely unchanged, he wrote in a Tuesday X post.
Bitcoin's…
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