BlackRock moves $110M in Bitcoin and $78M in Ethereum to Coinbase Prime

BlackRock recently moved significant cryptocurrency holdings, specifically 1,198 Bitcoin valued at approximately $110 million and 24,792 Ethereum valued at about $78 million, to Coinbase Prime, according to data from Arkham Intelligence. These on-chain movements are notable as BlackRock manages the leading Bitcoin and Ethereum investment products. The transfers occurred while Bitcoin was rallying toward $92,000. This activity follows a period where BlackRock's ETFs experienced mixed momentum, including net outflows from its Bitcoin ETF (IBIT) of $49 million last week and $82.5 million from its Ethereum ETF, as reported by Farside Investors.

(Source：Crypto Briefing)