BlackRock Moves $10.07M in Bitcoin, Ethereum From ETF Wallets

BlackRock transferred approximately $10.07 million in digital assets from wallets linked to its spot cryptocurrency ETFs, according to on-chain data.

The transactions included 158.57 BTC (about $10.06 million) sent to Coinbase Prime and 4.49 ETH (roughly $8,500) moved to a BlackRock Coinbase Prime wallet.

The Bitcoin transfer originated from the asset manager’s IBIT ETF wallet, while the Ethereum was moved from its ETHB ETF wallet. 

The on-chain activity does not indicate the purpose of the transfers, which could reflect routine custody operations, creations or redemptions, or other fund-related activity.

Source: Onchain Lens