BlackRock transferred ~$10.07M in Bitcoin and Ethereum from its IBIT and ETHB ETF wallets to Coinbase Prime.
Macro & Markets ·
BlackRock transferred approximately $10.07 million in combined Bitcoin and Ethereum holdings from its spot ETF wallets to Coinbase Prime. The movement consisted of 158.57 BTC valued at roughly $10.06 million and 4.49 ETH worth approximately $8.50 thousand, originating from the firm's IBIT Bitcoin ETF and ETHB Ethereum ETF wallets according to data tracked on Arkham.
The transfer to Coinbase Prime—a qualified custodial service—represents a routine movement of assets between institutional wallets. Such transfers between ETF holdings and major exchange custody platforms are common in institutional crypto operations, though the specific timing and size of individual moves can provide signals about positioning or rebalancing activity.
The nature of the transfer—whether it reflects preparation for redemptions, portfolio rebalancing, or operational necessity—remains unclear from the on-chain data alone. No public statement from BlackRock has accompanied the movement.