BlackRock moved 2,700 BTC and 52,956 ETH to Coinbase in on-chain transfers tracked by Onchain Lens, with the assets valued at about $168.63 million and $88.17 million respectively. The newer report updates an earlier tally of 1,241 BTC and 7,547 ETH, indicating larger aggregate deposits. Onchain Lens said more deposits may follow. Large transfers to Coinbase, a major crypto exchange, are closely watched because they can reflect custody reshuffling, portfolio rebalancing or potential sales, though the transfers alone do not confirm BlackRock's intent.