BlackRock Moves $115 Million in Bitcoin and $30 Million in Ethereum to Coinbase

BlackRock Moves $115 Million in Bitcoin and $30 Million in Ethereum to Coinbase

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.

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Fact Check
Multiple credible sources with high authority and relevance report that BlackRock transferred significant amounts of Bitcoin and Ethereum to Coinbase, with figures and blockchain evidence supporting the claim. One major financial news outlet specifically mentions the transfer of 3,402 BTC and 15,108 ETH, which, at prevailing market rates, would roughly equate to around $115 million in Bitcoin and $30 million in Ethereum. Additional blockchain analysis reports trace these movements from wallets associated with BlackRock operations to Coinbase Prime, further corroborating the amounts and destination. No credible source contradicts the claim, and the narrative is consistent across independent reporting channels and on-chain data services. While not every source explicitly states the precise fiat values, the combination of quantity data and market prices at the time makes the statement plausible and well-supported.
Summary

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.

Terms & Concepts
  • BTC: The ticker symbol for Bitcoin, a decentralized digital currency operating without a central bank.
  • ETH: The ticker symbol for Ether, the native cryptocurrency of the Ethereum network used for transactions and smart contracts.