BlackRock moves $192M in Bitcoin to Coinbase following last week’s $435M outflow. BlackRock transferred 2,200 Bitcoin and a significant amount of Ethereum to Coinbase Prime. BlackRock, the world’s largest asset manager, deposited over 2,200 Bitcoin worth around $192 million and $22 million in Ethereum to Coinbase Prime today, according to data from Arkham Intelligence. The latest transfers come after IBIT, the company’s flagship Bitcoin ETF, recorded $435 million in net outflows last week.
Bitcoin has remained volatile, rising past $90,000 over the weekend before retreating to $87,703. Ethereum likewise pulled back below $3,000 after earlier gains. The moves underscore ongoing institutional activity on Coinbase Prime and reflect how ETF flows interact with shifts in large crypto allocations by asset managers.
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