BlackRock transfers 2,196 Bitcoin to Coinbase Prime
Crypto Briefing
BlackRock moved 2,196 Bitcoin, valued over $200 million, to Coinbase Prime for portfolio rebalancing.Summary
BlackRock transferred 2,196 Bitcoin, valued at more than $200 million, to Coinbase Prime this morning, according to data from Arkham Intelligence. This transaction is part of BlackRock's continuous strategy for portfolio rebalancing and liquidity management to meet demand across its various crypto funds. This occurred despite BlackRock's Bitcoin ETF (IBIT) experiencing approximately $135 million in net outflows the previous day, although IBIT remains the leader in the spot Bitcoin ETF category with over $60 billion in net inflows since its inception. Separately, US spot Bitcoin ETFs generally saw positive movement yesterday due to significant inflows into Fidelity's FBTC.
(Source：Crypto Briefing)