BlackRock Moves $25.75 Million in Ether and $45.35 Million in Bitcoin to Coinbase Prime
According to Onchain Lens, BlackRock transferred 68,568 ETH and 612 BTC to Coinbase on March 27, a movement valued at about $181.4 million and larger in Ether terms than prior reported transfers.
The claim is fully supported by on-chain tracking data from OnchainLens and subsequent reporting by PANews. The specific amounts (1,133.65 BTC and 15,405 ETH) and the total valuation (~$110 million) match the evidence found. The discrepancy between the title's figures ($71.1M total) and the content's figures ($110M total) is explained by the content itself, which notes that the $110M figure is an update to a previously reported smaller movement.
According to Onchain Lens, BlackRock transferred 68,568 ETH and 612 BTC to Coinbase on March 27, with the Ether valued at about $140 million and the Bitcoin at about $41.4 million, for a combined total of roughly $181.4 million. This adds a new and substantially larger on-chain movement to the existing topic, which had already tracked a March 25 transfer of 1,133.65 BTC and 15,405 ETH worth about $110 million, as well as an earlier March 25 movement of 634.83 BTC and 11,780 ETH valued at about $71.47 million. No reason for any of the transfers was provided in the source content.
- BTC: The ticker symbol commonly used for Bitcoin, the largest cryptocurrency by market value.
- ETH: The ticker symbol for Ether, the native cryptocurrency of the Ethereum blockchain.
- Coinbase: A cryptocurrency platform that offers trading, custody, and related services; institutions often use its infrastructure for digital asset transfers and execution.