BlackRock's IBIT spot Bitcoin ETF received 3,750 BTC (~$316M) inflow from Coinbase Prime in one hour.
Macro & Markets ·
BlackRock's IBIT spot Bitcoin ETF received an inflow of 3,750 BTC, valued at approximately $316 million, from Coinbase Prime within a one-hour window. The transfer represents a substantial acquisition of Bitcoin by the institutional fund.
The movement was tracked on-chain and attributed to BlackRock's wallet activity. Monitoring tools allow real-time observation of the fund's Bitcoin holdings and flows across exchanges. The inflow comes amid broader market dynamics, with the observation that different market participants operate on different time horizons and liquidity needs.
It remains unclear whether this inflow reflects a single large deposit or multiple transactions consolidated within the hour, or what market conditions prompted the Coinbase Prime withdrawal at this specific time.