BlackRock’s IBIT Sends 1,883 Bitcoin Worth About $143 Million to Coinbase Prime

A transfer of 1,883 Bitcoin (BTC), valued at about $143 million, moved from BlackRock’s IBIT to a Coinbase Prime hot wallet at about 6:55 a.m. ET Nov. 6 (about 11:55 UTC). The movement exceeded an Oct. 27 transfer of 1,698 BTC, valued at about $135.59 million, that also went to Coinbase Prime. Coinbase Prime is an institutional trading and custody platform. A transfer to the platform does not by itself establish that the Bitcoin was sold. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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