Bitcoin rose above $92,000 as BlackRock ETF moved $300 million to a major exchange

2026-01-13 17:32:13

Source: CryptoNewsNet Original Title: Bitcoin rose above $92,000 as BlackRock ETF moved $300 million to Coinbase Prime Original Link: 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 and ether to a major institutional custody platform 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 the institutional custody platform, which is used by authorized participants and institutional clients to source or redeem coins tied to ETF shares. Such movements can reflect client rebalancing, redemptions or settlement logistics around ETF subscriptions, and do not necessarily signal outright spot selling.

The movements come as bitcoin tries to build on a tentative early year rebound after a choppy December finish. BTC has pushed above $92,000 since Monday evening, with traders watching whether the move can extend toward last week’s highs near $95,000 once U.S. liquidity fully returns. It was recently trading around $91,830.

BTC4,37%

ETH6,71%

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