BlackRock Transfers 725 BTC to Coinbase as ETFs End April in Red

BlackRock moved 725 BTC and 16,609 ETH to Coinbase Prime on April 30 amid U.S. spot Bitcoin ETFs recording $263M outflows, with IBIT losing $167M weekly and total assets dipping below $100B to close April negative. The story began with MicroStrategy surpassing BlackRock at 815,061 BTC on April 21, fueling BlackRock's $900M five-day buy, $732.6M weekly addition, and eight-day $2.4B inflow streak that lifted AUM to $155B. Late-month reversals hit with $353M two-day outflows, negative Coinbase premium, and IBIT-led pullbacks signaling U.S. institutional profit-taking.