BlackRock moved 3,126 BTC (~$203M) from its IBIT Bitcoin ETF to Coinbase Prime across multiple transactions.
Macro & Markets ·
BlackRock transferred approximately 3,126 BTC worth roughly $203 million from its IBIT Bitcoin ETF holdings to Coinbase Prime, according to on-chain tracking data. The transaction was split across multiple separate sends, with several installments of 300 BTC each alongside a final payment of 126.168 BTC.
The movement to the exchange custodian represents a shift in asset positioning but leaves open the intended use—whether for redemptions, rebalancing, or other operational purposes. No additional context on timing, reason, or next steps has been disclosed.