BlackRock Moves 2,563 BTC and 49,582 ETH to Coinbase
According to Onchain Lens, BlackRock transferred BTC and ETH worth over $270 million to Coinbase Prime on February 20, reflecting substantial institutional crypto activity.
BTC
ETH
Summary
On February 20, blockchain data from Onchain Lens showed BlackRock moving 2,563 BTC valued at $172.94 million and 49,582 ETH worth $97.19 million to a Coinbase Prime address. The combined transfers totaled approximately $270.13 million, highlighting the scale of institutional involvement in crypto asset movements.
Terms & Concepts
- On-chain monitoring: Analyzing blockchain transactions in real time to track token movements between wallets and services.
- Exchange inflow: Crypto transferred from private wallets to an exchange, often preceding trading, liquidity, or operational actions.