
BlackRock’s latest transfer of BTC and ETH to Coinbase, as reported by Onchain Lens, reflects sustained institutional participation in cryptocurrency markets through regulated platforms.
On February 19, BlackRock transferred 1,270 BTC valued at $84.92 million and 15,409 ETH worth $30.22 million to Coinbase, according to Onchain Lens. The transactions, representing substantial institutional crypto movements, suggest ongoing deposits and reinforce the trend of traditional asset managers utilizing regulated exchanges for custody and trading.