BlackRock Transfers 2,750 Bitcoin via IBIT to Coinbase Prime

On March 6, BlackRock moved 2,750 BTC and 12,397 ETH totaling over $218 million to Coinbase Prime, reflecting active management of its crypto ETF and institutional holdings.

BTC

ETH

55d ago

Summary

BlackRock transferred 2,750 Bitcoin (approximately $194 million) and 12,397 Ethereum (about $24 million) from its iShares Bitcoin Trust (IBIT) to Coinbase Prime on March 6, according to Onchain Lens. The transfer highlights ongoing fund management within BlackRock’s ETF holdings and underscores Coinbase Prime’s role as an institutional-grade platform for large-scale crypto custody and trading.

Terms & Concepts

Bitcoin ETF: An exchange-traded fund that tracks Bitcoin’s price, allowing exposure to the cryptocurrency without direct ownership.
iShares Bitcoin Trust (IBIT): A Bitcoin investment trust launched by BlackRock, enabling investors to gain indirect exposure to Bitcoin through traditional markets.
Coinbase Prime: An institutional trading and custody platform by Coinbase, designed for large-volume digital asset transactions.