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BlackRock moves $271M in Bitcoin and Ethereum to Coinbase Prime, signaling potential ETF-related activity.

Market News
27 Jul 2026
Coincu
View Source
Neutral
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A BlackRock-linked wallet transferred over $271 million worth of Bitcoin (2,019 BTC) and Ethereum (29,928 ETH) to Coinbase Prime, a platform used by many U.S. spot ETF issuers. This simultaneous movement of BTC and ETH is notable as it may indicate coordinated portfolio activity, though no direct confirmation of selling or ETF redemption exists. Transfers to Coinbase Prime are closely watched for signs of ETF creation or rebalancing but can also reflect custody or operational needs. Market watchers await official statements or further wallet activity to clarify the intent behind the transfer.

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