BlackRock moved 249 BTC and 302 ETH from IBIT and ETHA wallets to Coinbase Prime.

Macro & Markets · 2026-08-14

BlackRock transferred 249.16 BTC and 301.76 ETH from its IBIT and ETHA spot ETF wallets to Coinbase Prime. The Bitcoin movement represented approximately $15.65 million in value at the time of the transfer, which occurred three hours before the initial report.

The transfer involved assets from BlackRock's two spot ETF products—its iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA)—being consolidated on the Coinbase Prime custody platform. Such movements can indicate rebalancing, custody consolidation, or preparation for institutional operations, though the specific intent behind this particular transfer remains unclear.

It is not yet known whether this represents a routine operational transfer, a response to market conditions, or a shift in BlackRock's asset management posture across its crypto-linked products.

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