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CoinDesk: Bitcoin, Ethereum, Crypto News and Price DataMedium Impact11d ago · Jun 1, 2026, 09:03 UTC

A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor

NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.

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