BlackRock's IBIT Sends 2,538 BTC to Coinbase Prime Ahead of May 27 Session

Ahead of the May 27 trading session, BlackRock's iShares Bitcoin Trust (IBIT) moved 2,538 BTC ($192.53 million) to custodian Coinbase Prime depository addresses. The transfer was described as over 57% of the U.S. spot Bitcoin ETF market's prior-day net outflow of $333.71 million, alongside reported losses of $57.74 million for Fidelity's FBTC and $41.21 million for Grayscale's GBTC.