At about 6:55 a.m. ET on Nov. 6 (about 11:55 UTC), 1,883 BTC worth roughly $143 million arrived at a Coinbase Prime hot wallet from IBIT.
A related transaction had reached Coinbase Prime on Oct. 27: 1,698 BTC, then valued at $135.59 million. The Nov. 6 activity was recorded at about 6:55 a.m. ET (about 11:55 UTC).
Coinbase Prime’s institutional business includes trading and custody. The wallet movement does not show whether any sale followed.
Earlier Oct. 19 coverage involved a different mix of wallets and assets. Onchain Lens linked 883.001 BTC, valued at about $72.64 million, to IBIT-linked wallets. It separately associated 28,957 Ether (ETH), worth $70.4 million, with wallets it described as more broadly tied to BlackRock, in EconoTimes’ report on the transfers.
