According to on-chain analyst Onchain Lens (@OnchainLens), BlackRock withdrew a total of 6,167 BTC (approximately $456 million) from Coinbase over the past two days, while depositing 2,267 BTC (approximately $167 million) during the same period, resulting in a net inflow of 3,900 BTC (approximately $287 million). Additionally, BlackRock deposited 22,657 ETH (approximately $52.4 million) into Coinbase during the same timeframe.
BlackRock net withdraws 3,900 BTC, worth $287M, over two days
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Summary
Today’s BTC news shows that BlackRock moved 6,167 BTC (approximately $456M) through Coinbase over two days, while depositing 2,267 BTC ($167M), resulting in a net outflow of 3,900 BTC ($287M). The firm also added 22,657 ETH ($52.4M) to Coinbase. BTC update: this activity reflects significant on-chain movement from the asset manager.
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