#coinbase-prime

[rwatimes]

BlackRock Bitcoin Outflow Hits $446M in Coinbase Prime Transfer

TLDR; BlackRock Bitcoin outflow reached about $446 million after 7,432 BTC moved to Coinbase Prime for ETF-related settlement. The transfer appears tied to normal ETF redemption activity, not a confirmed direct sale into the open Bitcoin market. Heavy spot Bitcoin ETF withdrawals...

➤ BlackRock experienced its largest ever Bitcoin outflow of $446 million, transferring 7,432 BTC to Coinbase Prime for ETF-related settlement. ➤ This outflow, alongside an 8,150 ETH transfer, suggests redemption pressure on BlackRock's crypto ETF products, reflecting broader institutional demand concerns. ➤ While the transfer is attributed to normal ETF redemption mechanics rather than direct market sales, sustained outflows could pressure Bitcoin's price near the $60,000 level.

[rwatimes]

BlackRock records largest Bitcoin outflow of $446M via Coinbase

➤ BlackRock executed its largest ever Bitcoin outflow, transferring 7,432 BTC ($446M) and 8,150 ETH to Coinbase Prime, linked to routine ETF redemption activity. ➤ This significant outflow follows a trend of multi-day redemption streaks across US spot Bitcoin products, with BlackRock's IBIT leading in both inflows and outflows. ➤ While the assets moved to Coinbase Prime for settlement and are not immediately hitting the open market, the sustained outflow trend signals potential short-term institutional selling pressure.

[rwatimes]

BlackRock deposits 4,577 Bitcoin and 41,996 Ethereum to Coinbase Prime in massive ETF-related transfer

➤ BlackRock transferred a significant amount of Bitcoin and Ethereum to Coinbase Prime, identified as routine operational activity for its crypto ETFs (IBIT and ETHA). ➤ Analysts view these large, regular transfers as a sign of maturing institutional infrastructure for crypto, rather than directional market bets. ➤ The routine nature of these transfers indicates sustained institutional demand and provides a structural liquidity floor for Bitcoin and Ethereum.

[rwatimes]

BlackRock Sends $217M in Bitcoin and Ethereum to Coinbase Prime

BlackRock transferred $217 million in Bitcoin and Ethereum to Coinbase Prime as ETF outflows continued, fueling market attention.

➤ BlackRock transferred approximately $217 million in Bitcoin and Ethereum to Coinbase Prime. ➤ These transfers occurred amidst continued outflows from BlackRock's Bitcoin and Ethereum ETFs, drawing market attention. ➤ While the purpose remains undisclosed, the movement to Coinbase Prime, a platform supporting institutional custody, has fueled speculation about potential sales.

[rwatimes]

Solana Treasury Firm Dumps 455,784 SOL as Holdings Fall 71.2%

Forward Industries moved 455,784 Solana to Coinbase Prime as its Solana holdings remain down more than 71% from cost.

➤ Forward Industries, a Solana treasury firm, has transferred a significant amount of SOL (455,784 tokens, valued at $31.87 million) to Coinbase Prime, indicating potential selling pressure. ➤ The firm's Solana holdings have depreciated by over 71.2% from their cost basis, highlighting the risks of concentrated cryptocurrency investments. ➤ Despite the price weakness of SOL, the Solana network continues to show growth in revenue, tokenized assets, and stablecoin supply.

[rwatimes]

BlackRock Moves $147.5M In Bitcoin And Ethereum To Coinbase Prime, Signaling ETF Management Activity

BlackRock deposits $147.5M in BTC and ETH to Coinbase Prime, likely for ETF management. Analysis of what this means for institutional crypto flows.

➤ BlackRock transferred $147.5M in Bitcoin and Ethereum to Coinbase Prime, indicating routine operational management for its spot crypto ETFs. ➤ These deposits are standard practice for asset managers to facilitate ETF share creation and redemption in response to investor demand. ➤ The move highlights the growing infrastructure for institutional crypto participation and the role of custodians like Coinbase Prime.

[rwatimes]

Solana Treasury Bet Turns Sour: Firm Sits On $1.13B Unrealized Loss

Solana faces pressure as Forward Industries transfers $31.8 million in SOL to Coinbase Prime, raising questions about potential sell-side risk

➤ Forward Industries, a publicly traded company with a significant Solana treasury strategy, has deposited $31.8 million in SOL to Coinbase Prime, raising concerns about potential sell-side pressure. ➤ The company holds 6.83 million SOL acquired at an average price of $232.08, resulting in an unrealized loss of approximately $1.13 billion (71% drawdown). ➤ Solana's price has experienced a decisive breakdown below key support levels, indicating a deteriorating technical structure and a bearish trend, with the February low near $63-$65 being a critical support zone.

[rwatimes]

Coinbase s'associe à Standard Chartered pour séduire les institutionnels

Coinbase a officialisé un partenariat avec la banque britannique Standard Chartered pour séduire les investisseurs institutionnels.

➤ Coinbase has partnered with Standard Chartered to attract institutional investors by offering multi-currency financing solutions. ➤ This collaboration allows institutional clients to operate across global markets via Coinbase Prime and Coinbase Exchange, reducing foreign exchange conversion fees. ➤ The partnership aims to enhance Coinbase's credibility with institutional players by integrating traditional banking infrastructure and standards.