BlackRock moves $357M in BTC and $247M in ETH to Coinbase Prime
Crypto Briefing
BlackRock transferred $357 million in Bitcoin and $247 million in Ethereum to Coinbase Prime amidst significant ETF outflows.Summary
Asset manager BlackRock moved approximately 3,970 Bitcoin, valued at $357 million, and 82,813 Ethereum, valued at $247 million, to Coinbase Prime. Such institutional transfers often indicate trading, rebalancing, or liquidity management. This movement occurred as BlackRock's spot Bitcoin ETF (IBIT) experienced $357 million in outflows and its Ethereum ETF (ETHA) saw $250 million in losses. Overall, the US spot Bitcoin and Ethereum ETF market experienced broad redemptions on Wednesday, with Bitcoin funds logging nearly $709 million in net outflows, marking their largest single-day withdrawals since late November 2025, potentially influenced by market jitters related to Greenland tariffs.
(Source：Crypto Briefing)