Bitcoin rose above $92,000 as BlackRock ETF moved $300 million to Coinbase Prime

Bitcoin (BTC) rose above $92,000 in early New York hours Tuesday as wallets tied to BlackRock’s spot crypto exchange-traded funds (ETFs) routed roughly $300 million worth of bitcoin (BTC) and ether (ETH) to Coinbase Prime as part of a routine, albeit unusually high, creation and redemption flows. On-chain trackers flagged transfers of about 3,290 BTC ($298 million) and 5,692 ETH ($18 million) to Coinbase Prime, which is used by authorized participants and institutional clients to source or redeem coins ti ...