BlackRock Moves Over 4,100 BTC to Coinbase Prime: Signals Internal Rebalancing

BlackRock’s investment vehicle, the iShares Bitcoin Trust (IBIT), recently executed a significant transfer of over 4,100 bitcoins worth approximately $429.4 million to Coinbase Prime, marking their first large-scale movement in over a month. Experts attribute this action to internal adjustments tied to ETF issuance and redemptions.