On July 24, PANews reported, according to Onchain Lens, that BlackRock transferred approximately 3,126 BTC (around $203 million) from its IBIT Bitcoin spot ETF wallet to Coinbase Prime. On-chain data shows the transfer was executed through multiple transactions, including several transfers of 300 BTC each and one transfer of 126.168 BTC, with all funds originating from the same ETF custodial address.
BlackRock transfers 3,126 BTC, worth $203M, from the IBIT ETF wallet to Coinbase Prime.
PANewsShare
Summary
BlackRock transferred 3,126 BTC ($203M) from its IBIT ETF wallet to Coinbase Prime. Onchain Lens tracked the BTC movement through multiple transactions, including several transfers of 300 BTC and one transfer of 126.168 BTC. All funds originated from the same ETF custodial address. This move occurs amid ongoing ETF-related news and increasing institutional activity in the Bitcoin market.
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