BlackRock Transfer Update: $153 Million in Bitcoin and Ethereum Land on Coinbase
Analysis
Price Impact
MedWhile blackrock is a significant institutional player, the transfer of $153 million in btc and eth to coinbase for potential rebalancing or other operational reasons, while notable, does not necessarily indicate a large-scale sell-off or accumulation event that would drastically alter market prices in the short term. the market has become accustomed to institutional movements.
Trustworthiness
HighThe information is sourced from on-chain data analytics platform onchain lens and u.today, which are generally reliable for reporting such financial movements. blackrock's involvement is also confirmed through their known etf activities.
Price Direction
NeutralThe transfer to an exchange can be for various reasons, including rebalancing, liquidity management, or preparation for new product launches. without further context on blackrock's intentions (e.g., selling to clients, internal transfers), it's difficult to predict a definitive bullish or bearish price movement solely based on this transaction.
Time Effect
LongThe potential for further deposits and the context of blackrock's upcoming staked ethereum trust (ethb) suggest that this is part of a broader, ongoing strategy by blackrock in the crypto market, impacting market sentiment and potential future inflows/outflows over a longer period.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. On-chain data indicates activity from wallets linked to major asset manager BlackRock , with over $153 million in Bitcoin and Ethereum moved to crypto exchange Coinbase . Advertisement On-chain data analytics platform Onchain Lens reports a transfer from Blackrock, which saw a significant amount of Bitcoin and Ethereum moved in recent hours. Onchain Lens reported that Blackrock deposited 2,200 BTC worth $149.13 million and 2,417 $ETH worth $4.84 million into Coinbase. The Bitcoin and Ethereum moved amounts of over $153 million in monetary terms. HOT Stories Breaking: Strategy Buys $1.3 Billion Worth of Bitcoin (BTC) XRP Suffers $30.3 Million Blow From ETFs, Is Shiba Inu (SHIB) Now Available in Europe by Coinbase? Dogecoin (DOGE) Hints at 37% Breakout Chance: Morning Crypto Report Blackrock deposited 2,200 $BTC worth $149.13M and 2,417 $ETH ($4.84M) into #Coinbase and likely to deposit more https://t.co/pyOLoPpL7H?from=article-links pic.twitter.com/b1IFifmNeA — Onchain Lens (@OnchainLens) March 9, 2026 BlackRock remains one of the most closely watched institutional participants on the crypto market, in light of its Bitcoin and Ethereum spot ETFs. Advertisement In the past week, a BTC/ETH ETF update shared by Arkham indicated BlackRock as the biggest Bitcoin and ETH ETF buyer. You Might Also Like Thu, 02/05/2026 - 16:02 BlackRock Stuns Coinbase With Massive BTC, ETH Selling, What's Next? By Tomiwabold Olajide Advertisement Bitcoin ETFs saw a positive weekly netflow of $568.5 million, with the biggest buyer being BlackRock's IBIT, which attracted $660 million in inflows. In a similar manner, Ethereum ETFs saw a positive weekly netflow of $23.5 million, with the biggest buyer being BlackRock's ETHA — which attracted $133.2 million inflows. The move to Coinbase remains significant, with the crypto exchange currently storing about 12% of all crypto assets in the world, as well as the majority of U.S. spot crypto ETFs. Onchain Lens suggests that more deposits of BTC and ETH to Coinbase by BlackRock could follow. If this happens, it could suggest a rebalancing in crypto investment product portfolios. BlackRock updates staked Ethereum Trust BlackRock is increasing preparations for the launch of its iShares Staked Ethereum Trust, which will trade under the ticker ETHB. You Might Also Like Wed, 03/04/2026 - 09:38 Is BlackRock Selling Bitcoin? $260 Million in 24-Hour Flow Spotted By Arman Shirinyan In the past week, BlackRock updated its filing on the Ethereum Staking ETF (ETHB). The main change is to the staking fee, which will be 10% of rewards with a potential tiered discount. The last filing had the staking fee at "18% of Gross Staking." The world’s largest asset manager filed for the product following the success of its spot Ethereum ETF, ETHA. No official launch date is set, but it is likely to be launched in the first half of 2026. This follows a shift in regulatory sentiment that now allows staking rewards to be incorporated into exchange-traded products, previously considered unlikely before this time by the SEC. #BlackRock #Bitcoin #Ethereum #Coinbase