Citi Sees $5.5T Tokenized Market by 2030 as $1.3B IBIT Block Trade Signals Whale Exit
The post Citi Sees $5.5T Tokenized Market by 2030 as $1.3B IBIT Block Trade Signals Whale Exit appeared on BitcoinEthereumNews.com. Crypto News A $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust (IBIT) executed on a dark pool last week likely reflected a single whale liquidating a concentrated directional position rather than a routine basis-trade unwind. The seller offloaded 29.2 million shares at $1.01 below the prevailing market price of $44.17, effectively paying a $29.5 million premium for immediate execution. Research from financial services firm NYDIG flagged that the use of a private venue, the size discount, and the urgency profile all point to one sophisticated holder cutting exposure. Bitcoin slid 2.8% on the day, yet markets absorbed the supply with notable orderliness. Citi published a forecast projecting the global tokenized securities market will surge from roughly $17 billion today to $5.5 trillion by 2030 in its base case, with a bullish range stretching