BlackRock Moves 1,134 BTC and 7,255 ETH to Coinbase

BlackRock Moves 1,134 BTC and 7,255 ETH to Coinbase

BlackRock’s latest Bitcoin and Ethereum withdrawals from Coinbase highlight continued active portfolio adjustments amid shifting institutional crypto strategies.

BTC
ETH

Fact Check
The assessment is "likely_true" with high confidence based on strong, consistent evidence from multiple relevant sources. Several secondary sources with high relevance (cryptorank.io, binance.com, arkm.com, coinbase.com) independently report on the large Ethereum transfer from BlackRock to Coinbase Prime. Critically, three of these sources explicitly attribute the information to a primary source: on-chain data from the analytics firm 'Onchainlens'. This consistency in sourcing adds significant credibility to the reports.One source, cryptorank.io, directly supports the entire statement, mentioning both the Ethereum transfer and the specific Bitcoin transfer (819.39 BTC). While the other sources focus primarily on the ETH transaction, they do not contradict the claim about the BTC transfer. The official BlackRock sources have very low relevance; their silence on a specific transaction is expected and does not count as contradictory evidence. The only irrelevant source was correctly identified and disregarded. The convergence of reports from multiple crypto news and data platforms, all pointing to a verifiable type of primary source (on-chain data), makes the statement highly probable.
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Summary

Over the past seven hours, BlackRock addresses withdrew 1,475 BTC valued at about $134 million and 3,878 ETH worth roughly $12.09 million from Coinbase, according to OnchainLens. These significant transfers reflect continued active management of its cryptocurrency holdings, marking ongoing portfolio realignments in the institutional space.

Terms & Concepts
  • BTC (Bitcoin): The first and most widely recognized cryptocurrency, operating on a decentralized blockchain network.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.
  • Coinbase: A major cryptocurrency exchange platform that facilitates buying, selling, and custody of digital assets.