BlackRock’s IBIT transfers 1,948.07 BTC worth $122 million to Coinbase Prime
The transfer may be part of routine settlement or redemptions linked to inflows and outflows in BlackRock’s spot crypto ETF products.
BTC
Fact Check
The specific transfer figure of 1,948.07 BTC (~$122M) to Coinbase Prime is consistently reported across CoinNess, PANews, and Odaily, all of which trace back to a single OnchainLens X post dated August 3, 2026 citing Arkham on-chain data. The exact figures match across all sources. Confidence is medium rather than high because the ultimate source is a single on-chain analytics account rather than an independent verification or official BlackRock disclosure, and the interpretation as 'routine settlement or redemptions' is speculative characterization added by secondary outlets.
Summary
BlackRock’s IBIT Bitcoin ETF moved 1,948.07 BTC, valued at about $122 million, to Coinbase Prime, according to on-chain tracker Onchain Lens. The transfer may be part of the firm’s operational process, including settlement and redemptions tied to inflows and outflows in its spot crypto ETF products. Such wallet activity is closely watched because movements by large spot Bitcoin funds can reflect fund operations, custody flows, and liquidity management.
Terms & Concepts
- Coinbase Prime: An institutional platform for crypto trading, custody and related services.
- spot crypto ETF: An exchange-traded fund that holds the underlying digital asset directly rather than using derivatives.
- on-chain: Activity or data recorded on a blockchain that can be tracked through wallet movements.