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Mystery trader sells 29.2M BlackRock Bitcoin ETF shares, sparking $333.6M outflow amid 11-day Bitcoin ETF sell-off.

Market News
02 Jun 2026
TheNewsCrypto
View Source
Bearish
pluang ai news

A mystery trader sold 29.2 million shares of BlackRock's iShares Bitcoin Trust (IBIT) via a dark pool, causing a net outflow of $333.6 million on the same day. This sale is part of an ongoing 11-day streak of outflows from US-listed Bitcoin ETFs, totaling over $2.9 billion since mid-May. Analysts suggest the seller was likely a large holder exiting a concentrated position quickly, accepting a price below market to ensure immediate execution. Despite the large sale, Bitcoin's price fell only 2.8% the following day, and market sentiment remains cautious with a prevailing "fear" index rating in the crypto market.

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