BlackRock has transferred $815 million worth of Bitcoin and Ethereum to Coinbase Prime, according to AICryptoCore. The transfer involved 6,735 BTC and 64,706 ETH and is associated with the company's spot crypto ETF operations and institutional liquidity management. This move comes amid significant outflows from BlackRock's crypto ETFs, totaling $523 million in a single day.
The transactions, which are trackable via on-chain platforms, have sparked discussions in the market regarding liquidity and stability. Despite the substantial transfers, BlackRock has not issued any executive statements, describing the actions as part of routine operations.
BlackRock Moves $815M in Bitcoin and Ethereum to Coinbase
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