Coinbase Prime Facilitates BlackRock’s $142.6M Bitcoin Liquidity Move as IBIT ETF Shatters Records
In a landmark development for institutional cryptocurrency adoption, BlackRock has executed a significant transfer of 1,633 Bitcoin, valued at approximately $142.6 million, to Coinbase Prime. This transaction, occurring on or around December 3, 2025, is officially characterized as part of the firm's routine liquidity management operations for its groundbreaking iShares Bitcoin Trust (IBIT). The move underscores the deepening integration of traditional finance giants with leading crypto infrastructure providers like Coinbase, highlighting the maturation of digital asset custodial and trading services for large-scale institutional players. The context of this transfer makes it particularly noteworthy. BlackRock's IBIT has achieved a historic milestone, becoming the fastest-growing Exchange-Traded Fund (ETF) in history. Since its launch in January 2024, a mere 341 days prior, the fund has amassed a staggering $70.7 billion in Assets Under Management (AUM). This explosive growth trajectory has not only cemented Bitcoin's place in regulated financial portfolios but has also proven to be a highly lucrative venture for BlackRock. IBIT now generates an estimated $245 million in annual fees, a figure that remarkably surpasses the fee income from BlackRock's own flagship S&P 500 ETF. This financial performance demonstrates the powerful demand for accessible, regulated Bitcoin exposure. Furthermore, the scale of IBIT's holdings is reshaping the Bitcoin market's landscape. The trust now holds an estimated 3% of Bitcoin's total circulating supply. This level of accumulation by a single, regulated financial product represents a seismic shift in ownership dynamics, transferring a significant portion of the asset's supply from individual and private wallets into the custodial framework of the traditional financial system. The routine transfer to Coinbase Prime for liquidity purposes is a direct operational consequence of this massive scale. It reflects the ongoing need for efficient mechanisms to create and redeem ETF shares, ensuring the fund's market price closely tracks its Net Asset Value (NAV). This event is a powerful testament to the symbiotic relationship developing between legacy finance and the crypto-native ecosystem. Coinbase Prime's role as the chosen platform for this liquidity management underscores its position as a trusted and capable partner for the world's largest asset manager. For the broader market, BlackRock's continued operational activity through established crypto exchanges signals robust institutional confidence and a normalization of Bitcoin-related treasury operations. It reinforces the narrative that Bitcoin has transitioned from a speculative digital asset to a legitimate, institutional-grade component of global finance, with infrastructure players like Coinbase serving as critical gateways and facilitators for this new era.
BlackRock Moves $142.6M in Bitcoin to Coinbase Prime as IBIT ETF Tops $70B AUM
BlackRock transferred 1,633 BTC ($142.6M) to Coinbase Prime, a move characterized as routine liquidity management for its iShares Bitcoin Trust (IBIT). The fund has become the fastest-growing ETF in history, reaching $70.7B in assets under management in just 341 days since its January 2024 launch.
IBIT now generates $245M in annual fees—surpassing BlackRock’s own S&P ETF—and holds 3% of Bitcoin’s circulating supply. Harvard University’s endowment has allocated $443M to the fund, representing 20% of its U.S. equity exposure.
The Coinbase Prime transfer reflects institutional demand for secure execution infrastructure amid volatile ETF flows. Market observers note such movements are operational rather than bearish signals, as IBIT continues to dominate bitcoin ETF inflows.
SUI Token Leads Major Cryptocurrencies with 15-20% Daily Surge
SUI Token has emerged as the top performer among large-cap digital assets, rallying 15-20% to $1.55 amid a confluence of ecosystem developments and market catalysts. The LAYER 1 blockchain's native token now flirts with critical resistance at $1.80, with analysts noting its correlation to Bitcoin's momentum.
Three structural drivers fuel the ascent: The launch of USDsui stablecoin introduces yield-bearing fiat liquidity across DeFi protocols. Coinbase's New York approval unlocks institutional demand in a tightly regulated jurisdiction. Remarkably, the asset absorbed an $86.86 million token unlock without downward pressure—a testament to accumulating interest.
Market technicians observe SUI's breakout from a descending channel, with trading volume patterns suggesting sustained buying interest. The stablecoin rollout positions sui Network as a contender in the payments vertical, while exchange expansions address previous liquidity fragmentation.
