Derived from 36 Crypto, BlackRock moved 3,064 BTC and 64,707 ETH, totaling $478 million, to Coinbase Prime on November 18, 2025. The transfer followed a similar $642 million deposit a day earlier, raising speculation about the firm reducing its crypto exposure. Traders are questioning whether the activity signals preparation for further sell-offs or adjustments to ETF operations. Despite the transfers, Bitcoin and Ethereum rose 1.6% and 2.1%, respectively, in the 24 hours following the event.
BlackRock Transfers $478M in BTC and ETH to Coinbase Prime Amid Market Volatility
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