Story perspectives

Investors Dump $1.3B IBIT Block as Bitcoin Slides Below $73K

5/28/2026

Summary

Story summary

US investors executed a $1.3 billion dark-pool sale of about 29.2 million iShares Bitcoin Trust (IBIT) shares on May 28 2026.
Bloomberg analyst Eric Balchunas confirmed the trade while Galaxy Digital’s Alex Thorn said it was the largest IBIT block seen.
The sale coincided with $333.7 million net outflows from US spot Bitcoin ETFs—including $192.4 million from IBIT—while Bitcoin slipped below $73,000, prompting analysts to say such private prints now leave a visible institutional footprint.

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Story summary

US investors executed a $1.3 billion dark-pool sale of about 29.2 million iShares Bitcoin Trust (IBIT) shares on May 28 2026.
Bloomberg analyst Eric Balchunas confirmed the trade while Galaxy Digital’s Alex Thorn said it was the largest IBIT block seen.
The sale coincided with $333.7 million net outflows from US spot Bitcoin ETFs—including $192.4 million from IBIT—while Bitcoin slipped below $73,000, prompting analysts to say such private prints now leave a visible institutional footprint.