BlackRock Adds 4,534 ETH and 45.379 BTC to Holdings

BlackRock’s latest on-chain movements show $146 million BTC and ETH withdrawals from Coinbase, reflecting a broader pattern of high-value portfolio rebalancing in recent days.

BTC

ETH

78d ago

Summary

According to Onchain Lens, BlackRock addresses withdrew 1,475 BTC valued at about $134 million and 3,878 ETH worth $12.09 million from Coinbase within seven hours. These transfers follow earlier deposits of 2,164 BTC worth $195 million and 22,902 ETH valued at $71.43 million, plus prior withdrawals totaling 3,040 BTC and 61,359 ETH worth over $470 million. The activity underscores continued active portfolio rebalancing between Bitcoin and Ethereum holdings.

Terms & Concepts

On-chain data: Information recorded directly on a blockchain, providing transparent and verifiable transaction details.
ETH: The cryptocurrency native to the Ethereum blockchain, used for transactions and smart contracts (self-executing blockchain code).
BTC: The cryptocurrency native to the Bitcoin network, used as a store of value and for peer-to-peer transactions.