BlackRock's spot Bitcoin and Ethereum ETFs received $46.59M in net inflows via Coinbase Prime after recent outflows.
Macro & Markets ·
BlackRock's spot Bitcoin and Ethereum ETFs received net inflows totaling $46.59 million via Coinbase Prime, with 384.77 BTC ($31.4 million) flowing into IBIT and 6,334 ETH ($15.19 million) into ETHA. This followed an earlier transfer in the opposite direction, when BlackRock moved 18,098 ETH ($43.6 million) from its ETHA and ETHB wallets to Coinbase Prime.
The sequence suggests rotating positions between the ETF wallets and the exchange. The latest inflow represents net accumulation of approximately $2.99 million when accounting for the prior outflow, though the timing and exact sequence of these transactions remain unclear from available data.
The movements highlight ongoing activity in BlackRock's cryptocurrency holdings as the firm manages its spot Bitcoin and Ethereum products. Tracking tools are available for monitoring BlackRock's on-chain activity, though such data typically reflects only deposits and withdrawals visible on public blockchains and may not capture the full scope of institutional positioning.