🚨 BREAKING: BlackRock Transfers 2,196 BTC ($202.77M) to Coinbase Prime $ETH
BlackRock has just moved 2,196 Bitcoin, valued at approximately $202.77 million, to Coinbase Prime, according to on-chain data. Coinbase Prime is typically used by large institutions for custody, execution, and settlement, rather than retail trading.$BNB
While such transfers don’t automatically signal an imminent sale, they often indicate portfolio rebalancing, ETF-related settlement activity, or liquidity management tied to institutional products. Given BlackRock’s role in spot Bitcoin ETFs, the move is drawing attention as markets assess whether this represents routine operational flow or a potential shift in positioning.$BTC
Traders and analysts will be closely watching follow-up transactions and ETF flow data to gauge the broader market impact.
