
BlackRock’s latest Bitcoin ETF-linked transfers to Coinbase Prime highlight its sustained large-scale allocation of digital assets, with on-chain data hinting at further activity.
BlackRock has made additional Bitcoin transfers linked to its iShares Bitcoin Trust (IBIT), moving 600 BTC worth nearly $40 million to a Coinbase Prime address, according to Arkham. This follows a Feb. 10 transaction reported by Onchain Lens, when BlackRock deposited 3,401.98 BTC valued at $234.28 million and 30,215.6 ETH worth $60.82 million into Coinbase Prime, totaling about $295 million. These moves underscore the asset manager’s continued significant involvement in cryptocurrency markets, with market watchers anticipating more transfers.