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via Cointelegraph · By Cointelegraph Staff
NYDIG Suggests $1.3B IBIT Trader Wanted Quick Exit
CS
Cointelegraph Staff(07:09 AM UTC)
1 min read
A $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT) made last week was likely a whale making a quick exit on a directional trade, says Greg Cipolaro, the head of research at financial services company NYDIG.
On Tuesday, an unknown trader sold 29.2 million shares of BlackRock’s IBIT on a dark pool, a private trading platform that institutions use to discreetly make large trades…
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