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The move is part of BlackRock’s ongoing portfolio rebalancing and liquidity management strategy.
Key Takeaways
- BlackRock moved 2,196 Bitcoin to Coinbase Prime, valued at over $200 million.
- This transfer highlights BlackRock’s ongoing activity in the digital asset space.
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BlackRock transferred 2,196 Bitcoin worth over $200 million to Coinbase Prime this morning, according to Arkham Intelligence data. The move is part of BlackRock’s ongoing adjustments to meet demand across its crypto funds.
BlackRock’s Bitcoin ETF (IBIT) reported about $135 million in net outflows yesterday and was the only fund facing withdrawals. Despite that, IBIT still leads the spot Bitcoin ETF group, having attracted over $60 billion in net inflows since its launch.
US spot Bitcoin ETFs flipped green yesterday, thanks to large inflows from Fidelity’s FBTC.
