BlackRock’s iShares Bitcoin Trust bought 6,495 BTC from Coinbase Prime, raising its total Bitcoin holdings to $1.59 billion amid crypto market volatility.
Grayscale experienced $505 million outflows but offset it with $396 million in new ETF inflows, affecting overall market sentiment.
BlackRock’s iShares Bitcoin Trust has successfully acquired 6,495 Bitcoin (BTC) from Coinbase Prime, according to a tweet on X by Lookonchain. This acquisition has propelled the trust’s total Bitcoin holdings to 39,925 BTC, with an estimated market value of $1.59 billion. Meanwhile, the cryptocurrency market faces ongoing volatility, with Bitcoin experiencing fluctuations.
iShares Bitcoin Trust (#BlackRock) received 6,495 $BTC($254.7M) from #CoinbasePrime 7 hours ago and currently holds 39,925 $BTC($1.59B).https://t.co/R9FeDo2R0R pic.twitter.com/m89loTCWpj
— Lookonchain (@lookonchain) January 24, 2024
While BlackRock’s iShares Bitcoin Trust continues to grow, Grayscale, a prominent player
