Key Takeaways
- BlackRock transferred Bitcoin and Ethereum to Coinbase Prime.
- Its IBIT and ETHA ETFs continue to experience net investor outflows.
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BlackRock deposited approximately $200 million in Bitcoin and $29 million in Ethereum into Coinbase Prime on Wednesday, according to Arkham Intelligence data.
The transfers coincide with a period of uneven demand for BlackRock’s Bitcoin and Ethereum ETFs, where outflows have outweighed inflows in recent weeks.
BlackRock’s flagship Bitcoin ETF (IBIT) posted around $157 million in net redemptions yesterday, and its Ethereum ETF (ETHA) saw an additional $25 million withdrawn, per Farside Investors.
The IBIT fund still leads the market for Bitcoin investment products. The Wall Street giant has highlighted Bitcoin as one of its leading investment themes for 2025, alongside T-bills and major tech stocks.
