NYDIG Rejects Basis Trade Theory Behind $1.26 Billion IBIT Sale
A $1.26 billion block sale of BlackRock’s iShares Bitcoin Trust shares this week likely reflected a large investor moving quickly out of bitcoin exposure
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Bitcoin News: A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor, NYDIG says
NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.