BlackRock transfers $467M in Bitcoin and $176M in Ethereum to Coinbase
Crypto Briefing
BlackRock moved $467 million in Bitcoin and $176 million in Ethereum to Coinbase Prime.Summary
BlackRock recently transferred substantial digital assets, specifically over 4,879 Bitcoin valued at approximately $467 million and 54,730 Ethereum worth about $176 million, to Coinbase Prime. Coinbase Prime is the institutional-focused platform facilitating these large-scale crypto transactions for BlackRock. These movements occurred shortly after BlackRock's Bitcoin ETF experienced a record single-day outflow of $463 million on the preceding Friday, alongside significant withdrawals from its spot Ethereum product.
(Source：Crypto Briefing)