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.
Key Takeaways
- BlackRock transferred 1,633 Bitcoins (~$142.6M) to Coinbase Prime.
- The move is part of routine ETF liquidity management and is not necessarily indicative of selling pressure.
Share this article
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.
