BlackRock Moves $140 Million in Bitcoin as ETF Inflows Signal Institutional Demand

BlackRock withdrew 2,152 BTC worth roughly $140 million from Coinbase Prime, an institutional custody venue. On-chain data showed the transfer on Wednesday UTC. Market participants debated whether the move was a routine custody reshuffle or tied to spot Bitcoin ETF operations. The transfer highlights ongoing institutional demand for Bitcoin as traders focus on ETF-related signals.