On Tuesday, BlackRock's iShares Bitcoin Trust executed a dark pool block trade worth $1.29 billion on Nasdaq, marking a historic high for institutional trading of the U.S. spot Bitcoin ETF, according to analysts. The success of this trade has garnered widespread attention in the market.

Meanwhile, interest in Bitcoin continues to rise, even as the overall market remains stable. Institutional options flow indicates that nearly $1 million has flowed into IBIT call options expiring in December 2026, with a strike price of $45, suggesting that some large market participants remain optimistic about Bitcoin before the end of 2026.

