The post BlackRock IBIT Receives $25 Million in BTC: Coinbase Prime Transfers 300 BTC appeared on BitcoinEthereumNews.com.

In a significant transaction highlighted by COINOTAG on April 5th, the BlackRock IBIT address has received a substantial influx of 300 BTC from the prominent Coinbase Prime address. This transfer, valued at approximately $25 million, is noteworthy as it underscores ongoing institutional interest in Bitcoin amidst a changing crypto landscape. The movement of such a large volume of cryptocurrency reflects the growing appetite among institutional investors for digital assets, suggesting a strategic shift as firms increasingly incorporate crypto investments into their portfolios. Market analysts view this transaction as a pivotal indicator of confidence in the Bitcoin market and a potential catalyst for future price stability. Source: https://en.coinotag.com/breakingnews/blackrock-ibit-receives-25-million-in-btc-coinbase-prime-transfers-300-btc/

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Filed under: News - @ April 4, 2025 11:24 pm