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
A single trader sold over 29 million shares of BlackRock\u2019s 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 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 Bloomberg ETF analyst Eric Balchunas added more weight to that claim, pointing out that the 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 massive $1.289 billion IBIT block sale by unknown party through dark pool at 10:30am today, biggest such trade i\u2019ve ever seen pic.twitter.com\/9qGDqkfCbu<\/a><\/p>\n \u2014 Alex Thorn (@intangiblecoins) May 26, 2026<\/a><\/p>\n\n Price data from TradingView shows 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>\nBitcoin Slid Within Minutes<\/h2>\n