BlackRock withdrew over $135 million in Bitcoin and nearly $16 million in Ethereum from Coinbase, according to TheDataNerd, marking a significant movement in institutional crypto holdings.
BlackRock withdrew $150 million in digital assets from Coinbase on February 24, consisting of 2,086 Bitcoin worth approximately $135 million and 8,459 Ethereum valued at about $15.84 million. This withdrawal, tracked by TheDataNerd, occurred nine hours before publication. Large-scale transfers by institutions like BlackRock may signal portfolio adjustments or custody management, though no public comment was made on the reason behind the move.