The transfers extend a months-long pattern in which BlackRock ETF wallet movements to Coinbase Prime are monitored as a near real-time signal of institutional positioning.
BlackRock-linked wallets for its ETHA and IBIT products moved about $49 million in crypto to Coinbase Prime, including 8,513 ETH and 416.654 BTC. The new report says the transfers extend a months-long pattern that market participants track as a live gauge of ETF-related institutional positioning. Existing topic details indicate the assets were valued at about $19.14 million in Ethereum and $29.86 million in Bitcoin, based on Arkham-tracked on-chain data from April 8.