A $1.3 billion single purchase, and the price doesn’t move at all—IBIT’s liquidity no longer looks like an ETF, but more like a stablecoin.

Wu reported that Bloomberg ETF analyst Eric Balchunas stated that IBIT executed a trade of approximately 29 million shares around 10:30 AM Eastern Time today, with a value of about $1.3 billion. He mentioned that, based on the day's trading data, this transaction was significantly larger than other individual trades, and IBIT's price that day was hardly affected.