A wallet linked to BlackRock's ETF products transferred approximately $203 million in Bitcoin and Ethereum to Coinbase Prime within the past hour, according to on-chain data monitored by Onchain Lens.
The transaction included 860.393 BTC valued at roughly $71.54 million and 52,488 ETH worth approximately $131 million. The significant movement of assets to a prime brokerage platform suggests potential portfolio rebalancing or liquidity management activities tied to the asset manager's crypto fund operations.
BlackRock ETF Wallet Transfers $203M in BTC and ETH to Coinbase Prime
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