BlackRock moves over $120M in Bitcoin and Ethereum to Coinbase Prime
Crypto Briefing
BlackRock transferred approximately $120 million in Bitcoin and Ethereum to Coinbase Prime custody.Summary
BlackRock recently moved over $120 million worth of cryptocurrency, specifically 1,134 Bitcoin valued around $101 million and 7,255 Ethereum valued near $22 million, to Coinbase Prime, the institutional custody service of Coinbase. This transfer occurred amidst a period of significant outflows from US spot Bitcoin Exchange-Traded Products (ETPs), including BlackRock's own IBIT, which saw $99 million withdrawn on December 31, 2025. Despite these outflows, BlackRock's IBIT remains the market leader, holding 770,791 BTC valued at approximately $67.4 billion.
(Source：Crypto Briefing)