BBX: IBIT $1.29 billion dark pool block transfer, total market outflow $334 million; SoFi launches SoFiUSD, becoming the first retail bank to issue a stablecoin
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BBX News: IBIT saw a $1.29 billion dark pool block transfer (including both buyers and sellers) on May 26. IBIT had a net outflow of $192.4 million that day, the entire market saw a $334 million outflow, marking seven consecutive days of outflows. BTC fell to around $75,677. On May 27, a certain exchange launched SoFiUSD, enabling 14.7 million members to instantly buy, sell, and hold within the App. SoFiUSD is available on Ethereum and Solana, offers 1:1 USD redemption, is regulated by OCC, and partnered with Bullish institutions. The stock price rose 3.5%.Core highlights:——Certain exchange (NYSE: BLK) IBIT:On May 26, $1.29 billion (29 million shares) were transferred via dark pool block trades (inter-institutional transfers, including both buying and selling sides), confirmed by Balchunas/Seyffart as cross-market sweeping. IBIT saw a net outflow of $192.4 million, the overall market saw $334 million leaving, marking seven consecutive days of outflows. IBIT closed at $42.99 (+0.05%), AUM approximately $61 billion. BTC dropped to $75,677.——Certain exchange (NASDAQ: SOFI):On May 27, SoFiUSD was launched, marking the first stablecoin issued by a consumer banking App-based bank. 14.7 million members gained instant access. Compatible with Ethereum and Solana, redeemed 1:1 for USD, OCC regulated, trading code SOFID. Collaborated with Bullish institutions. Tokenized deposits and cross-border payments to go live in a few weeks. Stock price rose 3.5% that day. ⚠️Not FDIC insured, not legal tender.Source: bbx.com
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