ChainCatcher report, according to Onchain Lens monitoring, BlackRock has cumulatively withdrawn 1,104.45 BTC, valued at approximately $71.4 million, from Coinbase Prime and transferred it to its IBIT Bitcoin ETF wallet.
BlackRock transfers 1,104.45 BTC, worth $71.4M, to the IBIT Bitcoin ETF wallet.
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Summary
BlackRock transferred 1,104.45 BTC, valued at $71.4 million, from Coinbase Prime to its IBIT Bitcoin ETF wallet, according to Onchain Lens. The transfer, reported by ChainCatcher, signifies an update to the firm’s ETF strategy. The movement reflects a direct allocation to the fund’s on-chain address, closely monitored by crypto analysts.
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