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BlackRock transfers Bitcoin and Ether to Coinbase from ETF holdings

Nov 9, 2026 12:47 (5h ago)

BlackRock transferred Bitcoin and Ether to Coinbase, reportedly from assets held in its ETFs.

Onchain Lens estimated 5,320 BTC and 40,720 ETH at a combined $482.66 million; CoinPost Terminal reported a ¥76 billion valuation.

BlockBeats cited the Onchain Lens data on Nov. 9, while CoinPost Terminal provided no timing, transaction-structure or specific-ETF details and only suggested faster institutional withdrawals.

BlackRock transferred 5,320 BTC and 40,720 ETH to Coinbase, according to Onchain Lens data cited by BlockBeats, with estimated values of $396.49 million and $86.17 million respectively. Separately, a CoinPost Terminal alert said BlackRock transferred Bitcoin and Ethereum worth ¥76 billion from ETF holdings to Coinbase and suggested the move could indicate accelerating institutional withdrawals. The reports did not provide enough detail to reconcile the different valuations or establish whether they describe identical transaction components.

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