Asset manager BlackRock withdrew 2,152 BTC worth about $140 million from Coinbase Prime over the past hour, according to Onchain Lens. The tracked movement stands apart from earlier transfers in which IBIT moved assets to Coinbase Prime Custody. In this case, the reported flow from Coinbase Prime to IBIT is typically associated with new Bitcoin entering the fund. The update was cited by ChainCatcher as an on-chain monitoring alert rather than a formal statement from BlackRock or Coinbase. No additional transaction details were provided in the source beyond the size of the transfer, its estimated value, and the distinction from the earlier IBIT-related custody movement.
Asset manager BlackRock (@BlackRock) withdrew 2,152 BTC from Coinbase Prime over the past hour, worth about $140 million, according to on-chain tracker Onchain Lens, as cited by ChainCatcher.
The report said the transfer differs from an earlier movement in which IBIT sent assets to Coinbase Prime Custody. In this case, flows from Coinbase Prime to IBIT are typically linked to new Bitcoin entering the fund.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
