The on-chain movement included 1,587 Bitcoin and 17,815 Ethereum, with the combined value reported at more than $160 million.
BlackRock carried out an on-chain transfer (transaction recorded on a blockchain) involving both Bitcoin and Ethereum, sending assets worth more than $160 million to Coinbase (U.S.-based crypto exchange). The reported transactions included 1,587 Bitcoin valued at about $122.55 million and 17,815 Ethereum valued at roughly $37.79 million. Such large transfers to an exchange are typically watched closely by the crypto market because they can indicate custody shifts, trading activity, or portfolio rebalancing, although the source text does not state the purpose of this move.