BlackRock's IBIT spot Bitcoin ETF accumulated 1.97K BTC (~$166M) from Coinbase Prime in the past hour.
Macro & Markets ·
BlackRock's spot Bitcoin ETF (IBIT) moved 1.97K BTC worth roughly $166 million from Coinbase Prime in a single hour. The transfer represents a fresh acquisition that adds to the fund's existing holdings.
The movement was detected on-chain, with the Bitcoin withdrawn from the custody platform where it had been held. This follows a pattern of continued accumulation by the fund over recent trading sessions, including periods when broader market sentiment turned negative.
Open questions remain around the timing of such concentrated purchases and whether they reflect algorithmic rebalancing or directional positioning. Real-time tracking of BlackRock's holdings is available via arkm.com.