BlackRock moves $192M in Bitcoin to Coinbase following last week’s $435M outflow
Crypto Briefing
BlackRock transferred $192M in Bitcoin and $22M in Ethereum to Coinbase Prime after its IBIT ETF saw $435M in outflows last week.Summary
BlackRock, the world's largest asset manager, moved approximately 2,200 Bitcoin, valued at around $192 million, and $22 million in Ethereum to Coinbase Prime. This movement follows a period of significant investor withdrawals from BlackRock's flagship Bitcoin ETF (IBIT), which recorded net outflows totaling $435 million last week. BlackRock's Ethereum ETF (ETHA) also experienced investor withdrawals, amounting to $69 million last week. These transfers occur amidst Bitcoin's recent price volatility, having briefly surpassed $90,000 over the weekend before settling around $87,703.
(Source：Crypto Briefing)