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BlackRock moves $450M in Bitcoin to Coinbase Prime amid ETF operations near $77K price.

Market News
19 May 2026
Blockonomi
View Source
Neutral
pluang ai news

BlackRock transferred 5,847 Bitcoin worth about $450 million to Coinbase Prime through 20 transactions as Bitcoin hovered near $77,000. This move is linked to operations of BlackRock’s iShares Bitcoin Trust ETF, such as redemptions or portfolio adjustments, rather than direct market selling. The ETF, launched in January 2024, now holds nearly $63 billion in assets. Meanwhile, the number of large Bitcoin wallets continues to grow, indicating ongoing accumulation by institutional investors despite price fluctuations.

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