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BlackRock ETF wallets transfer over $355 million in Bitcoin and Ethereum to Coinbase Prime

Wallets tied to BlackRock's crypto exchange-traded funds moved 3,215 Bitcoin and 38,882 Ethereum worth more than $355 million to Coinbase Prime across a two-hour window.

Screenshot of on-chain tracking data showing BlackRock ETF wallet withdrawals of Bitcoin and Ethereum sent to Coinbase Prime hot wallets.
Image: @WhaleInsider

Wallets associated with BlackRock's crypto exchange-traded funds transferred more than $355 million worth of Bitcoin and Ethereum directly to Coinbase Prime within a two-hour window, according to blockchain tracking reported by Onchain Lens via Whale Insider, as well as BSCN. Kalshi Crypto also reported the combined outflow, characterizing it as approximately $350 million sent to Coinbase Prime.[1][2][3]

The transactions included 3,215 BTC valued at approximately $262.41 million alongside 38,882 ETH valued at roughly $93.22 million. On-chain records shared by Whale Insider showed that the transfers originated from BlackRock Coinbase Prime Router addresses and were sent to Coinbase Prime hot wallets, with the Ethereum portion split between transactions of 31.67K ETH ($75.92 million) and 7.212K ETH ($17.3 million).[1][2]

Key facts

  • BlackRock ETF wallets transferred $355.63 million worth of Bitcoin and Ethereum to Coinbase Prime within two hours.
  • The Bitcoin movement consisted of 3,215 BTC valued at about $262.41 million.
  • The Ethereum movement totaled 38,882 ETH valued at approximately $93.22 million.
  • On-chain transaction data showed the Ethereum withdrawals were divided into tranches of 31.67K ETH and 7.212K ETH sent to a Coinbase Prime hot wallet.

Sources · 3 sources

  1. WI

    Whale Insider@WhaleInsiderPost on X ·

    JUST IN: BlackRock’s ETF wallets transferred 3.215K $BTC ($262.41M) and 38.882K $ETH ($93.22M) to Coinbase Prime within the past 2 hours - Onchain Lens. https://t.co/3mlVlKWgIT

    Open source
  2. BS

    BSCN@BSCNewsPost on X ·

    BlackRock Transfers over $300M in BTC and ETH to Coinbase Prime @BlackRock ETF wallets transferred $355.63M worth of Bitcoin and Ethereum holdings directly to @Coinbase Prime wallets in two hours. Blockchain-based transaction tracking revealed that the manager transferred 3,215 $BTC (valued at $262.41M) and 38,882 $ETH (valued at $93.22M) in two distinct transfers.

    Open source
  3. KC

    Kalshi Crypto@Kalshi_CryptoPost on X ·

    JUST IN: BlackRock's ETF wallets just transferred out $350M worth of Bitcoin and Ethereum to Coinbase Prime

    Open source