[brainflake]

Average daily volume of VOO over the last 60 days is about 2,000,000 shares. At ~$200/share (it's actually about $220 right now), that's about $400m dollars daily, so unloading $1m would be well under 1% of shares traded in a typical day.

[ajross]

And notably the fraction of VOO shares traded on any given day to the total market cap of the fund is about 100:1. With bitcoin it's more like 10k:1. Thus the liquidity worries.