BlackRock’s IBIT Receives 1,426 Bitcoin Worth $119 Million
BlackRock's IBIT ETF received 1,426.47 BTC ($119M) from Coinbase Prime. Separately, Wintermute sold 619.59 BTC ($51.7M) via Binance. Combined, the transactions totaled 2,046.06 BTC and $170.7M.
How this was made

The 30-second read
Why it matters
The disclosed Bitcoin addition is the first public report of such a large transfer, indicating strong demand for the product.
Market read
A $119 M Bitcoin inflow into a major U.S. crypto ETF is a material event that could affect the ETF's price and signal broader investor appetite for regulated crypto exposure.
What to watch
Potential regulatory scrutiny on large Bitcoin movements into ETFs could introduce downside risk.
Background
BlackRock's iShares Bitcoin Trust (IBIT) is a U.S.-listed ETF that holds Bitcoin on behalf of investors.
Ticker impact
BlackRock's iShares Bitcoin Trust (IBIT) received 1,426.47 BTC valued at $119 million, a fresh large inflow disclosed for the first time.
likely upward pressure as the market prices in the new Bitcoin holdings
A $119 M addition is material for a crypto ETF and may trigger buying on the expectation of higher NAV.
Market effects
Highlights growing institutional acceptance of Bitcoin via regulated ETFs.
U.S. crypto ETF market may see increased inflows, influencing other listed Bitcoin trusts.
Large Bitcoin transfer signals confidence in custodial infrastructure, supporting broader crypto market sentiment.
Counterpoint
The inflow could be a one‑off event; without sustained buying, price impact may be limited.
Key entities
- Asset ManagerBlackRock
Issuer of the IBIT ETF.
- CustodianCoinbase Prime
Source of the Bitcoin transferred to IBIT.



