Onchain Lens said the asset manager sent 2,100 BTC and 12,679 ETH to the exchange and may continue transferring more assets.
BlackRock deposited 2,100 BTC worth $132 million and 12,679 ETH worth $21 million to Binance, according to monitoring by Onchain Lens. The tracker added that more assets may still be transferred. Large exchange deposits are often watched closely by crypto traders because they can signal potential portfolio rebalancing, custody movements or preparations for sales, although the report did not specify the purpose of the transfers.