{"id":44901,"date":"2026-05-28T01:00:32","date_gmt":"2026-05-28T01:00:32","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=44901"},"modified":"2026-05-28T01:00:32","modified_gmt":"2026-05-28T01:00:32","slug":"bitcoin-drop-linked-to-hidden-1-3-billion-etf-trade-analyst-reveals","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=44901","title":{"rendered":"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals"},"content":{"rendered":"<p>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\u2019s session added another ugly chapter to that streak.<\/p>\n<h2>A Sell Order Like No Other<\/h2>\n<p>A single trader sold over 29 million shares of BlackRock\u2019s <a href=\"https:\/\/www.ishares.com\/us\" target=\"_blank\" rel=\"noopener nofollow\">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<p>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<p>Bloomberg ETF analyst Eric Balchunas added more weight to that claim, pointing out that the <a href=\"https:\/\/x.com\/intangiblecoins\/status\/2059332729418727665\" target=\"_blank\" rel=\"noopener nofollow\">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<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">massive $1.289 billion IBIT block sale by unknown party through dark pool at 10:30am today, biggest such trade i\u2019ve ever seen <a href=\"https:\/\/t.co\/9qGDqkfCbu\" rel=\"nofollow\">pic.twitter.com\/9qGDqkfCbu<\/a><\/p>\n<p>\u2014 Alex Thorn (@intangiblecoins) <a href=\"https:\/\/twitter.com\/intangiblecoins\/status\/2059332729418727665?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 26, 2026<\/a><\/p>\n<\/blockquote>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"aligncenter size-full wp-image-897943\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/05\/a_32238b.png?resize=1024%2C574\" alt=\"\" width=\"1024\" height=\"574\" \/><\/p>\n<h2>Bitcoin Slid Within Minutes<\/h2>\n<p>Price data from TradingView shows <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">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<p>Tuesday\u2019s total outflow from US spot <a href=\"https:\/\/etfdb.com\/themes\/bitcoin-etfs\/\" target=\"_blank\" rel=\"noopener nofollow\">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><img decoding=\"async\" loading=\"lazy\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/u1JmXAJP\/\" width=\"1634\" height=\"951\" \/><\/p>\n<h2>Institutions Pulling Back<\/h2>\n<p>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<p>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<p>Fresh capital entering the market has not been enough to offset the pace of withdrawals, according to reports. Whether Tuesday\u2019s massive dark pool transaction signals a shift in strategy by a major holder, or simply a one-time portfolio move, remains unknown.<\/p>\n<p><em>Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>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\u2019s session added another ugly chapter to that streak. A Sell Order Like No Other A single trader sold over 29 million shares of BlackRock\u2019s iShares [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44876,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-44901","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=44901\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"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\u2019s session added another ugly chapter to that streak. A Sell Order Like No Other A single trader sold over 29 million shares of BlackRock\u2019s iShares [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=44901\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-28T01:00:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptomag.finance\/wp-content\/uploads\/2025\/06\/generic-crypto-image.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals\",\"datePublished\":\"2026-05-28T01:00:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901\"},\"wordCount\":386,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/a_32238b-BL1Gcf.png\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901\",\"name\":\"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/a_32238b-BL1Gcf.png\",\"datePublished\":\"2026-05-28T01:00:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=44901\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901#primaryimage\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/a_32238b-BL1Gcf.png\",\"contentUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/a_32238b-BL1Gcf.png\",\"width\":1024,\"height\":574},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=44901#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=44901","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals - Cryptomag","og_description":"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\u2019s session added another ugly chapter to that streak. A Sell Order Like No Other A single trader sold over 29 million shares of BlackRock\u2019s iShares [&hellip;]","og_url":"https:\/\/cryptomag.finance\/?p=44901","og_site_name":"Cryptomag","article_published_time":"2026-05-28T01:00:32+00:00","og_image":[{"width":1000,"height":560,"url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/2025\/06\/generic-crypto-image.webp","type":"image\/webp"}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=44901#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=44901"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals","datePublished":"2026-05-28T01:00:32+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=44901"},"wordCount":386,"image":{"@id":"https:\/\/cryptomag.finance\/?p=44901#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/a_32238b-BL1Gcf.png","articleSection":["Bitcoin"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=44901","url":"https:\/\/cryptomag.finance\/?p=44901","name":"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=44901#primaryimage"},"image":{"@id":"https:\/\/cryptomag.finance\/?p=44901#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/a_32238b-BL1Gcf.png","datePublished":"2026-05-28T01:00:32+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=44901#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=44901"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptomag.finance\/?p=44901#primaryimage","url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/a_32238b-BL1Gcf.png","contentUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/a_32238b-BL1Gcf.png","width":1024,"height":574},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=44901#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Drop Linked To Hidden $1.3 Billion ETF Trade, Analyst Reveals"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/44901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44901"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/44901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/media\/44876"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}