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BlackRock Transfers 2,196 BTC to Coinbase Amid Bitcoin ETF Volatility

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BlackRock moved 2,196 BTC, worth over $200 million, to Coinbase Prime on December 9. The transfer followed $135 million in ETF outflows from its Bitcoin ETF, IBIT. Despite this, the fund has seen $60 billion in ETF inflows since launch. Analysts say the move is a liquidity adjustment, not a Bitcoin exit. Institutional buyers remain active, with Fidelity continuing to accumulate. The global Bitcoin ETF market closed green.
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