BlackRock's Bitcoin spot ETF product IBIT recently deposited 1061 BTC into Coinbase Prime address, equivalent to over 100 million USD, once again demonstrating this world's largest asset management company's continued optimism about Bitcoin. According to Arkham on-chain monitoring data, this transfer involved 1061.173 BTC, valued at approximately 100.77 million USD at the time. This large transfer to an institutional-grade custodial service provider typically indicates that institutional investors are strengthening asset security management, while also reflecting traditional financial giants' emphasis on digital asset allocation. BlackRock has been increasing its BTC holdings through the IBIT fund, becoming an important indicator of market institutions' allocation intentions.
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BlackRock's Bitcoin spot ETF product IBIT recently deposited 1061 BTC into Coinbase Prime address, equivalent to over 100 million USD, once again demonstrating this world's largest asset management company's continued optimism about Bitcoin. According to Arkham on-chain monitoring data, this transfer involved 1061.173 BTC, valued at approximately 100.77 million USD at the time. This large transfer to an institutional-grade custodial service provider typically indicates that institutional investors are strengthening asset security management, while also reflecting traditional financial giants' emphasis on digital asset allocation. BlackRock has been increasing its BTC holdings through the IBIT fund, becoming an important indicator of market institutions' allocation intentions.