FBTC Dark Pool Activity
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Data as of Oct 26, 2026 · Source: FINRA daily short sale volume (off-exchange)
On Oct 26, 2026, FINRA reported 829K FBTC shares in publicly disseminated off-exchange trades (dark pools and other off-exchange venues). 251K of those shares (30.2%) were marked short or short-exempt, below FBTC's 30-day rolling average of 45.8% (z-score -1.10). Over the last 10 FINRA sessions (Oct 13, 2026 – Oct 26, 2026), FBTC's off-exchange short volume ratio ranged from 30.2% to 47.4% and averaged 39.6%; the latest reading is below that 10-session average.
Off-Exchange Volume
829K
Short Volume
251K
Short Volume Ratio
30.2%
30-Day Average
45.8%
z-score -1.10
Daily readings — last 10 FINRA sessions
| Date | Off-exchange shares | Short shares | Short ratio |
|---|---|---|---|
| Oct 13, 2026 | 597K | 221K | 37.1% |
| Oct 14, 2026 | 803K | 366K | 45.6% |
| Oct 15, 2026 | 909K | 294K | 32.4% |
| Oct 16, 2026 | 840K | 312K | 37.2% |
| Oct 19, 2026 | 539K | 232K | 43.0% |
| Oct 20, 2026 | 607K | 287K | 47.3% |
| Oct 21, 2026 | 1.5M | 728K | 47.4% |
| Oct 22, 2026 | 1.4M | 586K | 43.2% |
| Oct 23, 2026 | 436K | 143K | 32.8% |
| Oct 26, 2026 Latest | 829K | 251K | 30.2% |
Source: FINRA daily short sale volume (off-exchange). Ratio = ShortVolume ÷ TotalVolume for the day.
FBTC dark pool FAQ
- How much FBTC off-exchange volume did FINRA report on Oct 26, 2026?
- FINRA's daily short sale volume file reported 829K FBTC shares in publicly disseminated off-exchange trades on Oct 26, 2026; 251K of those shares (30.2%) were marked short or short-exempt.
- Is FBTC's dark pool short volume ratio unusual right now?
- As of Oct 26, 2026, FBTC's short volume ratio of 30.2% is below FBTC's 30-day rolling average of 45.8% (z-score -1.10). Meridian's dark pool model does not flag this reading as an anomaly.
- What does the dark pool short volume ratio measure?
- FINRA publishes daily short sale volume for trades reported off-exchange to its trade reporting facilities, which include dark pools and other off-exchange venues. The ratio divides FINRA's ShortVolume figure, which counts both short and short-exempt sales, by the total off-exchange shares reported for that day. It is not short interest and not a directional signal: market-maker hedging and reporting mechanics can raise it, so it is context for other signals.