BlackRock deposited 1,883 BTC, valued at approximately $143 million, into a Coinbase Prime hot wallet through its iShares Bitcoin Trust (IBIT) ETF on November 6.
The transfer was detected by blockchain analytics firm Arkham about an hour before reporting. Large deposits from institutional custodians like BlackRock to exchange hot wallets often signal potential selling activity or liquidity rebalancing.
BlackRock Deposits 1,883 BTC Worth $143M to Coinbase Prime via IBIT
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