BlackRock deposits $173M in BTC and ETH to Coinbase, signaling ETF custody operations, not a sale.

BlackRock transferred 861 BTC and 44,691 ETH worth about $173 million to Coinbase, which acts as the custodian for its spot Bitcoin and Ethereum ETFs. This move likely reflects routine custody management or ETF share operations rather than an outright sale. While large crypto transfers to exchanges often raise speculation about selling, these assets remain under BlackRock's control through Coinbase Prime custody. Traders should watch for any further movement from custody wallets to trading addresses to confirm selling intent.