Markets· ★★· neutral·

BlackRock IBIT wallet moves 416.65 BTC to Coinbase Prime worth $29.86M

  • —Arkham data shows the 416.654 BTC transfer on April 8
  • —An ETHA-linked wallet moved 8,513 ETH the same day
  • —IBIT net inflow was $665.2 million on October 19, per Farside Investors
  • —On October 13, BlackRock wallets moved 860.393 BTC and 52,488 ETH
Why it matters: Onchain ETF wallet transfers are often mistaken for capital inflows, distorting the read on real bitcoin demand.
#BTC#ETH
Source: TokenPost
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