There is a new mysterious trade, but this time it is not ahead of a major political announcement. On May 26, a block of 29 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) traded during the morning hours. IBIT launched in January 2024 as one of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) approved by the SEC in the United States. It gives investors direct exposure to Bitcoin's price through a regulated, exchange-traded product, without requiring them to hold the cryptocurrency themselves. It quickly became the largest Bitcoin ETF by assets under management (AUM), with $66.57 billion as of press ... (full story)