Important points
- BlackRock moved 2,196 Bitcoins worth over $200 million to Coinbase Prime.
- This transfer highlights BlackRock's continued activity in the digital asset space.
BlackRock transferred 2,196 Bitcoins worth more than $200 million to Coinbase Prime this morning, according to data from Arkham Intelligence. The move is part of BlackRock's continued adjustments to meet demand across cryptocurrency funds.
The BlackRock Bitcoin ETF (IBIT) reported net outflows of approximately $135 million yesterday and was the only fund facing withdrawals. Despite this, IBIT still leads the Spot Bitcoin ETF group, attracting over $60 billion in net inflows since its inception.
The US Spot Bitcoin ETF flipped to green yesterday thanks to massive inflows from Fidelity's FBTC.
