BlackRock moved US$ 561 million in Bitcoin and bought US$ 69 million in $ETH between May and June, reflecting a strategic shift in crypto ETFs.
On-chain data shows that BlackRock transferred 5,362 BTC to Coinbase Prime over a two-day period. These withdrawals began on May 30, when 4,113 BTC were sent to Coinbase, followed by another 1,249 BTC on June 2. The total value of Bitcoin sent was approximately US$ 561 million.
However, data from ETF flow reports confirm that US$ 130.4 million was withdrawn from the iShares Bitcoin Trust on June 2. An even larger outflow of US$ 430.8 million was recorded on May 30. This raises the total outflows from the ETFs over two days to US$ 561 million, an amount that corresponds to the volume of BTC moved on the blockchain.
What will come in the future?