BlackRock Transfers $673 Million in Bitcoin and Ethereum to Coinbase
BlackRock’s $478 million crypto transfer to Coinbase reflects strategic liquidity management during volatile market conditions and reinforces institutional presence in digital assets.
BTC
ETH
Summary
BlackRock has moved 3,064 BTC and 64,707 ETH, valued at a combined $478 million, to Coinbase, highlighting institutional strategies for liquidity amid market volatility. This November 18, 2025 transfer follows the November 17 movement of 4,880 BTC and 54,730 ETH worth $643 million, extending a week-long pattern of substantial asset shifts. The repeated use of Coinbase’s institutional platform underscores BlackRock’s focus on secure custody and efficient large-scale transactions in the digital asset market.
Terms & Concepts
- Bitcoin (BTC): A decentralized digital currency that operates without a central bank, using blockchain technology for peer-to-peer transactions.
- Ethereum (ETH): A decentralized blockchain platform featuring smart contract functionality, with its native cryptocurrency called Ether.
- Coinbase Prime: A branch of Coinbase tailored for institutional clients, offering advanced trading and custody solutions for digital assets.