BlackRock transferred about 54,096 ETH and 2,015 BTC, worth $286 million, to Coinbase Prime as part of managing its iShares Bitcoin Trust and iShares Ethereum Trust ETFs. Coinbase Prime acts as the custodian and execution agent, handling buying, selling, and settlements for these crypto ETFs. Such large transfers are routine operational activities reflecting investor buying and redemption flows, not market bets. This move highlights the ongoing management of crypto assets behind BlackRock's ETF offerings.
BlackRock's transfer of $286 million in Bitcoin and Ether to Coinbase Prime provides context for crypto market activity. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 17, 2026 19:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 44 rose and 5 fell. Notable gainers include SUSHI at Rp3.924 with an 8.60% increase and 100% buy order activity, EOS at Rp12.649 up 8.13%, and KSM at Rp71.007 with a 7.35% rise and 93% buy orders.
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