Arkham states BlackRock sent Bitcoin and Ether linked to its IBIT and ETHA funds to Coinbase Prime, while other trackers also reported large Coinbase-, Kraken-, and OKX-related crypto transfers with undisclosed purpose.
Arkham reported that BlackRock transferred 725.36 BTC worth $55.12 million and 16,609 ETH worth $37.57 million to Coinbase Prime over the past two hours, linking the movements to BlackRock’s IBIT and ETHA exchange-traded funds. Separately, earlier tracker reports cited BlackRock moving 1,473 BTC and 5,738 ETH to Coinbase, Grayscale sending 3,004 ETH to Coinbase, 114,325 ETH moving from an unknown wallet to Coinbase, 56,253 ETH moving from OKX to an unknown wallet, and 1,503 BTC moving from an unknown wallet to Kraken. The reports identify asset amounts, estimated values, and labeled destinations, but do not confirm whether the transfers were related to ETF operations, sales, withdrawals, custody changes, or internal fund management.