BlackRock deposits 72,212 ETH worth $151.4 million into Coinbase Prime
BlackRock transferred 72,212 ETH valued at approximately $151.4 million into Coinbase Prime across four tranches, pushing cumulative Ethereum outflows to 791,758 ETH since October 1.
Asset manager BlackRock transferred 72,212 ETH, valued at around $151.4 million, into Coinbase Prime, according to tracking data reported by Lookonchain and BSCN via Arkham Intelligence.[1][2][3]
Arkham data shared by Lookonchain shows the funds moved from BlackRock's Coinbase Prime deposit address to Coinbase Prime hot wallets in four separate transactions. The transfers consisted of batches of 39,292 ETH ($82.44 million), 13,136 ETH ($27.54 million), 10,000 ETH ($20.93 million), and 9,784 ETH ($20.51 million).[1][3]
The transactions lift BlackRock's cumulative Ethereum outflows since October 1 to 791,758 ETH, worth nearly $1.74 billion. Inflows into Coinbase Prime do not automatically indicate that assets are being sold on the open market, as such transfers can also facilitate redemptions, custody administration, or portfolio rebalancing.[1][3]
Key facts
- BlackRock deposited 72,212 ETH, worth about $151.4 million, into Coinbase Prime.
- The deposit occurred across four transactions: 39,292 ETH, 13,136 ETH, 10,000 ETH, and 9,784 ETH.
- BlackRock has registered 791,758 ETH in net outflows, valued at roughly $1.74 billion, since October 1.
- Transfers into Coinbase Prime may be driven by custody management, redemptions, or rebalancing rather than spot sales.
Sources · 3 sources
- LO
Lookonchain@lookonchainPost on X ·
BlackRock deposited another 72,212 $ETH ($151.4M) into #CoinbasePrime just 1 hour ago. Since Oct 1, #BlackRock has seen net outflows of 791,758 $ETH ($1.74B)! https://t.co/YfaFJXVOID https://t.co/3Ipi4qfSHi
Open source - KC
Kalshi Crypto@Kalshi_CryptoPost on X ·
JUST IN: BlackRock just deposited $150M worth of Ethereum to Coinbase Prime
Open source - BS
BSCN@BSCNewsPost on X ·
BlackRock Shuffles Another $151M of Ethereum into Coinbase Prime @BlackRock moved 72,212 $ETH, valued at about $151.4 million, from its ETF deposit wallets to @Coinbase Prime in four installments over the past hour, Arkham Intel says. These included the following amounts: - 39,292 ETH - 13,136 ETH - 10,000 ETH - 9,784 ETH The latest batch pushes BlackRock's cumulative Ethereum outflow from Oct. 1 to 791,758 ETH, or nearly $1.74 billion. Moves into Coinbase Prime do not necessarily mean the crypto is being sold. The funds may also move for other purposes, such as custody, redemptions, or rebalancing.
Open source