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BlackRock Transfers $366 Million in Bitcoin and Ethereum to Coinbase Prime

According to Lookonchain, BlackRock moved nearly $112 million in Bitcoin and $254 million in Ethereum, highlighting the scale of institutional crypto transactions.

BTC
ETH

Summary

BlackRock transferred 1,885 BTC worth about $111.66 million and 59,606 ETH valued at roughly $254.43 million to Coinbase Prime, according to Lookonchain. The total transaction exceeded $366 million, underscoring the magnitude of institutional-level digital asset movements.

Terms & Concepts
  • Coinbase Prime: An institutional-grade crypto trading platform by Coinbase, designed for large-scale investors and corporate clients.
  • BTC (Bitcoin): The first and most widely recognized cryptocurrency, used here in a transfer of nearly 1,900 coins valued at over $111 million.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, with 59,606 ETH worth about $254 million moved in this transaction.