Following a Christmas Day pause, BlackRock resumed transferring Bitcoin and Ethereum to Coinbase, based on on-chain data. Onchain Lens reported that BlackRock deposited 1,044 BTC worth $91.9 million and 7,557 ETH worth $22.41 million into Coinbase and might deposit further. Lookonchain later noted that on Dec. 24, BlackRock deposited 2,292 BTC worth $199.8 million and 9,976 ETH worth $29.23 million to Coinbase Prime. BlackRock has repeatedly moved substantial amounts of Bitcoin and Ethereum to Coinbase in recent months, underscoring a pattern that has drawn attention from market observers.
BlackRock Moves Bitcoin and Ethereum to Coinbase: What Comes Next
On-chain data shows BlackRock transferring BTC and ETH to Coinbase and Coinbase Prime, signaling ongoing liquidity shifts as institutions expand crypto custody.
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