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🚨 BLACKROCK JUST DROPPED $700M+ IN CRYPTO TO COINBASE
BlackRock transferred 4,385 BTC ($259.8M) and 30,725 ETH ($48.6M) today.
That brings their 2-day Bitcoin haul to 11,817 BTC ($706M).
What’s actually happening?
These are standard operational moves to Coinbase Prime (their main ETF custodian). Usually for ETF share creations/redemptions, rebalancing, or liquidity management — not panic selling. BlackRock does this regularly with their IBIT Bitcoin ETF.
Market vibe?
Big flows like this can create short-term selling pressure and FUD, but smart money sees it as normal institutional housekeeping. Watch ETF flows closely — if redemptions stay low, this is likely nothing burger.
The giants are moving... are you watching? 🤔
$RIF