BlackRock Transfers 600 BTC to Coinbase Prime in Major $40 Million Move

BlackRock Moves 600 BTC to Coinbase Prime in Major Transaction

According to the latest data from Arkham, global asset management giant BlackRock has transferred 600 BTC to a Coinbase Prime address via its Bitcoin ETF, IBIT. The transaction, valued at nearly $40 million, marks a significant movement of institutional capital into the digital asset space.

Institutional Adoption Gains Momentum

The transfer occurred approximately thirteen minutes ago and is seen as a strong signal of BlackRock’s growing presence in the crypto market. While 600 BTC has been moved so far, analysts believe this could be the start of a larger-scale capital reallocation.

In recent years, BlackRock has been actively expanding its crypto footprint — from launching its first Bitcoin ETF to setting up a dedicated blockchain investment division — indicating a long-term bullish stance on digital assets.

• Transaction value: ~$40 million
• Funds sourced from Bitcoin ETF IBIT
• Further BTC transfers expected