BlackRock Moves Over $293 Million in Bitcoin and Ethereum to Coinbase
According to Onchain Lens, BlackRock’s latest transfer to Coinbase marks one of its largest crypto transactions, reflecting growing institutional engagement with regulated digital asset platforms.
BTC
ETH
Summary
On November 6, BlackRock transferred 4,652.87 BTC worth $478.51 million and 57,455 ETH valued at $194.86 million to Coinbase, according to Onchain Lens data. This combined $673.37 million movement significantly exceeds earlier reported transfers of $213 million in Bitcoin and $115 million in Ethereum. The transactions highlight BlackRock’s increasing activity in cryptocurrency markets and its sustained preference for Coinbase as a regulated exchange and custodian.
Terms & Concepts
- Coinbase: A major cryptocurrency exchange and custodial platform that offers regulated trading and storage services for institutional and retail clients.
- Bitcoin (BTC): The largest cryptocurrency by market capitalization, designed as a decentralized digital currency.
- Ethereum (ETH): The second-largest cryptocurrency by market capitalization, used to power decentralized applications and smart contracts.