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BlackRock transfers 7,432 BTC and 8,150 ETH to Coinbase Prime, fueling ETF operations, not a sell-off.

Market News
29 Jun 2026, 14:03 WIB
Crypto Briefing
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Neutral
BlackRock transfers 7,432 BTC and 8,150 ETH to Coinbase Prime, fueling ETF operations, not a sell-off.

BlackRock moved 7,432 Bitcoin and 8,150 Ethereum to Coinbase Prime as part of its ETF operations for iShares Bitcoin Trust and Ethereum Trust. This large transfer is routine and reflects operational maintenance rather than a market sell-off. While such moves add temporary supply on exchanges, they do not necessarily indicate bearish sentiment unless redemption outpaces creation. Investors should watch for patterns of net selling, but currently, these transfers are standard ETF liquidity management.

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