BlackRock transfers 1,633 Bitcoin to Coinbase Prime

BlackRock transfers 1,633 Bitcoin to Coinbase Prime

IBIT closed Monday with about $66 million in net withdrawals, while rival Bitcoin ETFs from Fidelity and ARK registered positive flows.

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by Vivian Nguyen | Powered by Gloria

BlackRock, a major asset management firm, transferred 1,633 Bitcoin worth approximately $142.6 million to Coinbase Prime today. Coinbase Prime serves as an institutional trading platform providing custody and execution services for large-scale crypto transactions.

The transfer represents routine ETF liquidity management. BlackRock oversees investment products, including spot Bitcoin and Ethereum ETFs, and actively manages crypto holdings for institutional clients.

BlackRock’s Bitcoin ETF (IBIT) closed Monday with approximately $66 million in net withdrawals, while competing funds from Fidelity and ARK Invest posted gains.

BITCOIN

BlackRock transfers 1,633 Bitcoin to Coinbase Prime

BlackRock transfers 1,633 Bitcoin to Coinbase Prime

IBIT closed Monday with about $66 million in net withdrawals, while rival Bitcoin ETFs from Fidelity and ARK registered positive flows.

by Vivian Nguyen | Powered by Gloria

Share

Add us on Google

BlackRock, a major asset management firm, transferred 1,633 Bitcoin worth approximately $142.6 million to Coinbase Prime today. Coinbase Prime serves as an institutional trading platform providing custody and execution services for large-scale crypto transactions.

The transfer represents routine ETF liquidity management. BlackRock oversees investment products, including spot Bitcoin and Ethereum ETFs, and actively manages crypto holdings for institutional clients.

BlackRock’s Bitcoin ETF (IBIT) closed Monday with approximately $66 million in net withdrawals, while competing funds from Fidelity and ARK Invest posted gains.