BlackRock's IBIT Bitcoin ETF moved $122M in BTC to Coinbase Prime, holding 737k BTC worth $46.2B as of July 31.
Macro & Markets ·
BlackRock's IBIT Bitcoin ETF transferred approximately 1,948 BTC to Coinbase Prime, worth roughly $122 million at the time of the move. As of July 31, the fund held 737,118 BTC valued at approximately $46.18 billion, according to data from Arkham.
The fund's performance metrics show divergent trajectories across timeframes. IBIT returned 12.18 percent since inception through June 30, though its one-year return measured negative 45.62 percent over the same reporting period.
The reasons for the transfer to Coinbase Prime remain unstated. Whether this movement reflects routine operational adjustments, positioning ahead of market conditions, or other strategic considerations is not specified in available reports.