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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CoinGecko data as of Oct 28, 5:15 AM EDT.
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.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
