BlackRock withdraws $127 million in crypto from Coinbase Prime in 40 minutes

  • BlackRock withdrew crypto assets from Coinbase Prime over 40 minutes.
  • $127 million was withdrawn: 1,150 BTC worth $95.43 million and 11,800 ETH worth $31.52 million.
  • Onchain Lens identified the transactions through its monitoring.

BlackRock withdrew about $127 million in crypto assets from Coinbase Prime within 40 minutes, according to monitoring by Onchain Lens. The transfers included 1,150 BTC valued at approximately $95.43 million and 11,800 ETH worth about $31.52 million. Coinbase Prime provides institutional clients with trading, custody and financing services, so the assets may have been intended for purposes beyond direct investment.

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