
BlackRock’s latest crypto transfer of BTC and ETH to Coinbase suggests ongoing large-scale institutional blockchain activity and potential for further asset movements.
On February 3, Onchain Lens reported BlackRock transferred 1,134.13 BTC valued at $88.69 million and 35,358 ETH worth $80.65 million to Coinbase. Analysts note the possibility of further deposits following this movement. This transaction comes after a January 2025 transfer of 6,918 BTC and 58,327 ETH, totaling over $670 million, to Coinbase Prime. The sustained activity reflects significant reallocation of cryptocurrency holdings by BlackRock and highlights increasing institutional presence in the crypto market.