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The real story behind BlackRock’s huge $1.29B bitcoin ETF sale

DeFi Daily News by DeFi Daily News
May 27, 2026
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The real story behind BlackRock’s huge .29B bitcoin ETF sale
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#bitcoin #blackrock #crypto
A massive $1.29 billion sale of BlackRock’s iShares Bitcoin Trust (IBIT) triggered headlines across financial media, but according to Scott Melker, most outlets completely missed the actual story. In this episode of The Daily Wolf, Melker explains why bitcoin’s price barely moved despite what became the largest institutional bitcoin ETF sale ever recorded. The key detail? The sale happened through a dark pool transaction, meaning there was a massive buyer quietly sitting on the other side of the trade.

Chapters
00:00 The $1.29 billion bitcoin ETF sale explained
01:23 Why the media got the story wrong
02:03 What dark pool trading actually means
03:08 Why bitcoin barely moved after the sale
04:16 What institutional buyers may be signaling
05:40 Trump backs prediction markets and crypto
10:02 Tom Lee loads up on Ethereum
11:10 Crypto treasury firms join major indexes
#investing #wallstreet #markets #ethereum #finance #etf #yahoofinance
==
— Facebook: https://www.facebook.com/yahoofinance
— X/Twitter: https://x.com/YahooFinance
— Instagram: https://www.instagram.com/yahoofinance/
— TikTok: https://www.tiktok.com/@yahoofinance
— LinkedIn: https://www.linkedin.com/company/yahoo-finance

source

Tags: 1.29BBitcoinbitcoin etfBitcoin marketbitcoin priceBlackRockblackrock bitcoin saleBlackrocksCryptocrypto adoptiondark pool tradingETFetf outflowsEthereumfinancehugeIBITinstitutional bitcoininstitutional investingInvestingmichael saylorprediction marketsRealsalescott melkerstorythe daily wolftom leeWall StreetYahoo Finance
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