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BlackRock moves $336M in Bitcoin and Ethereum to Coinbase Prime for ETF operations.

Market News
26 Jun 2026, 15:30 WIB
Crypto Briefing
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Neutral
BlackRock moves $336M in Bitcoin and Ethereum to Coinbase Prime for ETF operations.

BlackRock transferred 4,577 Bitcoin and 41,996 Ethereum, worth about $336 million, to Coinbase Prime as part of routine ETF custody activities. These transfers support the creation, redemption, and rebalancing of shares in BlackRock's crypto ETFs, indicating healthy institutional demand rather than market speculation. The regularity and size of these moves highlight the maturation of crypto ETF infrastructure and provide a stable source of institutional liquidity for Bitcoin and Ethereum. This activity signals ongoing strong institutional involvement in crypto markets.

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