IBIT Activity Spotted: BlackRock Sends 681+ BTC to Coinbase Prime


Arkham Intel flags a key transaction: BlackRock, acting through its spot Bitcoin ETF IBIT, moved 681.347 BTC (valued at $77.65M) to a Coinbase Prime deposit address within the last two hours.

Transfers like this are core to ETF operations, often indicating the creation/redemption process, liquidity management, or setting up for institutional settlements via Coinbase's prime brokerage services. Significant movement from a major player.
#BitcoinETF# #CryptoMarkets# #InstitutionalCrypto# #IBIT#
ARKM4.54%
BTC0.32%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)