Onchain Lens said the transfer was detected on June 10, marking a sizable Bitcoin movement by the asset manager to the exchange.
BlackRock transferred 1,564 BTC valued at $96.49 million to Coinbase on June 10, according to on-chain tracker Onchain Lens. Large transfers by major institutions to an exchange can draw market attention because they may be linked to custody, portfolio rebalancing or trading-related operations, though the reported transaction itself did not specify the purpose.