On-chain analytics platform Arkham (ARKM) reported that BlackRock, the world's largest asset manager and issuer of a spot Bitcoin ETF, sold approximately $1.01 billion worth of Bitcoin last week. During this period, BlackRock was confirmed to have deposited Bitcoin daily into a Coinbase Prime deposit address. BlackRock's BTC deposits to exchanges are interpreted as part of its operational process, such as settlements (redemptions) due to capital outflows from its spot ETF, IBIT.
