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$1.26B IBIT block sale suggests a large investor quickly exited Bitcoin exposure at a discount.

Market News
01 Jun 2026
Cointribune
View Source
Bearish
pluang ai news

A $1.26 billion block of IBIT shares was sold over-the-counter on May 26, likely by a single large investor seeking a fast exit from Bitcoin exposure. The shares traded at a 2.3% discount, indicating the seller prioritized speed over price. Analysis by NYDIG rules out a typical basis trade unwind due to minimal futures activity, suggesting a direct sell-off instead. This event highlights liquidity sensitivity in large Bitcoin ETFs amid ongoing outflows, but the seller's identity and exact motives remain unclear.

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