BlackRock transfers 1,633 Bitcoin to Coinbase Prime
Crypto Briefing
BlackRock moved 1,633 Bitcoin, valued at $142.6 million, to Coinbase Prime for liquidity management.Summary
Asset manager BlackRock transferred 1,633 Bitcoin, valued at roughly $142.6 million, to Coinbase Prime, an institutional trading and custody platform. This movement is characterized as routine ETF liquidity management, rather than an indication of immediate selling pressure. The transfer occurred as BlackRock's spot Bitcoin ETF (IBIT) experienced about $66 million in net withdrawals on Monday, contrasting with positive flows seen in rival ETFs from Fidelity and ARK Invest.
(Source：Crypto Briefing)