BlackRock's IBIT ETF received 3,268 BTC (~$208M) from Coinbase Prime over 24 hours, signaling institutional inflow.
Macro & Markets ·
BlackRock's IBIT ETF withdrew 883.6 BTC ($54.8M) from Coinbase Prime, continuing a pattern of institutional accumulation. Over a 24-hour window, the ETF received 3,268 BTC (~$208M) from the same exchange, reflecting sustained inflow activity into the spot bitcoin product.
According to Arkham Intelligence data, BlackRock's aggregate on-chain holdings stand at 730,440 BTC worth approximately $45.12 billion, alongside 2,752,000 ETH valued at $4.75 billion and positions in numerous other tokens across multiple chains. The combined portfolio value reaches roughly $49.86 billion.
The specific timing and magnitude of individual transfers remain unreported; only the 24-hour aggregate and most recent single withdrawal are documented. Whether this activity reflects routine rebalancing, strategic positioning, or responses to market conditions is not yet established.