According to BBX news, on May 26th, IBIT transferred a large amount of $1.29 billion in dark pools (including buyers and sellers), resulting in a net outflow of $192.4 million for IBIT and $334 million for the entire market. This outflow lasted for seven consecutive days, and BTC fell to about $75677; On May 27th, SoFi released SoFiUSD, with 14.7 million members able to buy, sell, and hold it instantly on the app. It features a dual chain of Ethereum and Solara, with a 1:1 USD redemption ratio, OCC supervision, and Bullish institutional cooperation, resulting in a stock price increase of 3.5%.
Core points:
——BlackRock (NYSE: BLK) IBIT: On May 26th, a $1.29 billion (29 million shares) dark pool bulk transfer (inter institutional transfer, including buyer and seller) was confirmed by Balchunas/Seyfart as a cross market sweep; IBIT net outflow was $192.4 million, with a total market outflow of $334 million, for seven consecutive days; IBIT received $42.99 (+0.05%), with AUM of approximately $61 billion; BTC fell to $75677.
——SoFi Technologies (NASDAQ: SOFI): On May 27th, SoFiUSD was released, the first consumer banking app to feature banks issuing stablecoins; 14.7 million members instantly open; Ethereum+Solana, 1:1 USD redemption, OCC supervision, SOFID code; Bullish institutional cooperation; Token deposit+cross-border payment will be launched within a few weeks; The stock price increased by 3.5% on the same day. ⚠️ Non FDIC insurance, non legal tender.
Source: bbx.com
