IBIT executes approximately $1.3 billion in large transactions

ME News, May 27 (UTC+8): Bloomberg ETF analyst Eric Balchunas said that IBIT executed a trade of about 29 million shares around 10:30 AM Eastern Time today, with a transaction size of roughly $1.3 billion. He noted that this trade was clearly larger than other single-trade volumes, and IBIT’s price that day was basically not meaningfully affected. (Source: MLion)
IBIT0.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • 3
  • Share
Comment
Add a comment
Add a comment
ReorgSurvivor
· 7h ago
29 million shares, back in the day, it would have already caused a collapse.
View OriginalReply0
VinesCoiledIntoGeometricShapes
· 7h ago
1.3 billion dollars, what’s that? BlackRock has plenty more where that came from.
View OriginalReply0
FeeMarketMonk
· 7h ago
This trading volume would also rank near the top among traditional ETFs.
View OriginalReply0
ButterStop-LossLine
· 7h ago
No impact indicates that buying pressure is also strong, and both bulls and bears are waiting for the direction.
View OriginalReply0
QuietValidator
· 7h ago
At 10:30, the U.S. stock market had just opened not long ago.
View OriginalReply0
BluePeonyObserver
· 7h ago
Eric's data has always been accurate; this transaction is probably due to institutional portfolio rebalancing.
View OriginalReply0