BlackRock Moves $148.6 Million in Ethereum to Coinbase Prime
BlackRock-linked address deposits 4,538 ETH worth $20.42 million into Coinbase Prime and receives 293.6 BTC valued at $34 million, signaling ongoing institutional activity in the crypto market.
BTC
ETH
Fact Check
Multiple sources (Ainvest, Coinness, FastBull) corroborate the statement, reporting that on or around September 4, 2025, an address attributed to BlackRock deposited approximately 33,884 ETH, valued at $148.6 million, into Coinbase Prime. The consistency of the specific figures across different reports provides strong evidence. While one source uses the qualifier 'suspected' for the address, this is common in blockchain analysis and the attribution is generally considered reliable within the crypto news space.
Summary
On September 18, 2025, Lookonchain data revealed a BlackRock-associated address transferred 4,538 ETH, valued at $20.42 million, into Coinbase Prime, in exchange for 293.6 BTC worth $34 million. The transaction reflects BlackRock’s continued institutional participation in the crypto market through Coinbase Prime.
Terms & Concepts
- ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
- Coinbase Prime: An institutional trading platform offered by Coinbase, providing advanced tools and custody solutions for large-scale crypto investors.