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#BlackRock,
Coinbase Prime
1,134 #BTC (101.4 million $) invested.
👉 This transfer could be for selling purposes and may put significant pressure on prices if reflected in the spot market.
👉 However, in addition to this, the transaction might not be for selling but could also be an operational transfer.
In ETFs;
• Custody address change
• Liquidity adjustment
• Authorized participant (AP) transactions
are quite normal.
📌 The main concerns are:
• Whether transfers to Coinbase Prime will continue
• Whether there will be a clear ETF outflow on IBIT / ETHE side
• How the price reacts to this flow
It’s worth keeping an eye on.