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BlackRock Transfers 2,196 Bitcoin to Custodial Platform
Source: CryptoNewsNet Original Title: BlackRock transfers 2,196 Bitcoin to Coinbase Prime Original Link:
Key Takeaways
BlackRock transferred 2,196 Bitcoin worth over $200 million to a custodial platform this morning, according to Arkham Intelligence data. The move is part of BlackRock’s ongoing adjustments to meet demand across its crypto funds.
BlackRock’s Bitcoin ETF (IBIT) reported about $135 million in net outflows yesterday and was the only fund facing withdrawals. Despite that, IBIT still leads the spot Bitcoin ETF group, having attracted over $60 billion in net inflows since its launch.
US spot Bitcoin ETFs flipped green yesterday, thanks to large inflows from Fidelity’s FBTC.