Asset manager BlackRock transferred around 3,970 Bitcoin worth $357 million and 82,813 Ethereum valued at $247 million to Coinbase Prime today, according to data from Arkham Intelligence.
Institutional deposits to exchanges often signal trading, rebalancing, or liquidity activity.
BlackRock’s moves follow heavy outflows from its spot Bitcoin and Ethereum ETFs, with IBIT shedding $357 million and ETHA losing $250 million, data from Farside Investors shows.
The US spot Bitcoin and Ethereum ETF market saw broad red on Wednesday, with eleven Bitcoin funds logging nearly $709 million in net outflows, their largest single-day withdrawals since late November 2025, amid Greenland tariff-driven market jitters.
