BlackRock Moves Bitcoin and Ethereum From IBIT and ETHA to Coinbase Prime
Arkham (blockchain analytics platform) flagged transfers of 884.142 BTC and 604.044 ETH to Coinbase Prime (institutional crypto brokerage) about an hour before the report.
BTC
ETH
Summary
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Terms & Concepts
Coinbase Prime: An institutional crypto brokerage and custody platform used by large investors for trading, storage, and settlement.
IBIT: BlackRock’s spot Bitcoin ETF, which gives investors Bitcoin exposure through a regulated fund structure.
ETHA: BlackRock’s spot Ethereum ETF, which offers Ethereum exposure without requiring direct token custody.