Bitcoin Deposited by BlackRock’s IBIT Address: 4,471 BTC to Coinbase Prime Approximately $3.908 Billion

On November 25, COINOTAG News, citing Lookonchain, reported that a BlackRock IBIT address deposited 4,471 BTC into Coinbase Prime, a move valued at roughly $3.908 billion.

This substantial inbound flow to Coinbase Prime highlights ongoing institutional custody trends and the demand for regulated, auditable settlement rails. The event underscores the role of premier custodians in facilitating large-scale Bitcoin allocations for risk-managed portfolios.

As regulators and market participants monitor this activity, the apparent scale signals credibility for Bitcoin exposure within institutional channels and could influence near-term liquidity dynamics across counterparties.