BlackRock transfer of 3,580 BTC ($226.8M) to Coinbase Prime flagged June 8

BlackRock moved 3,580 BTC worth about $226.8 million to Coinbase Prime on June 8, a transfer that some traders watch as a possible precursor to market activity. The move comes as its crypto ETF lineup saw roughly $1.46 billion in net outflows in the five trading days ending June 5, including about $1.34 billion from IBIT.