On-chain knowledge exhibits BlackRock lately transferred 2,201 BTC to Coinbase Prime, price over $190M on the time of the transfer. This occurred alongside continued outflows from U.S. spot Bitcoin ETFs, with whole web outflows reaching a whole lot of hundreds of thousands in current classes.
Whereas transfers like this don’t routinely imply promoting, related actions previously have usually been related to portfolio rebalancing or threat administration, particularly in periods of weaker inflows.
Whether or not that is routine custody exercise or an indication of warning, it highlights how carefully institutional habits and Bitcoin market construction are actually linked.
What’s your take? regular ETF operations, or one thing extra significant?
submitted by /u/BitcoinNotes [comments]
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