BlackRock Transfers Bitcoin and Ethereum in Latest $140 Million Sale
Analysis
Price Impact
MedBlackrock moving large amounts of btc and eth to coinbase prime can be interpreted as a sell-off, especially when coinciding with etf outflows. however, since coinbase prime is a known custodian for etfs, it could also be for operational purposes, making the direct price impact uncertain.
Trustworthiness
HighPrice Direction
NeutralWhile the transfer could signal selling pressure, the context of etf custodianship makes it difficult to definitively determine the intention. the neutral stance accounts for the possibility of operational transfers rather than outright sales impacting the market.
Time Effect
ShortLarge transfers like this can cause short-term market jitters or reactions, but unless it's confirmed as a sustained sell-off, the long-term price impact is less certain.
Original Article:
Article Content:
Cover image via U.Today BlackRock records withdrawals in ETF products Bitcoin ETFs see second-day outflow Advertisement The world’s largest asset management firm, BlackRock, has moved another batch of Bitcoin and Ethereum tokens, sparking discussions across the crypto community. According to data from blockchain monitoring platform Lookonchain, BlackRock has transferred a total of 544 BTC and 47,728 ETH to a wallet on Coinbase Prime. The move saw the asset manager deposit over $140 million worth of tokens in a matter of minutes. The deposit includes Ethereum worth about $102.13 million and Bitcoin worth about $38.3 million to Coinbase Prime. HOT Stories Hard Truth About $1 Billion XRP Treasury by CryptoQuant Expert; -199 Billion SHIB: Shiba Inu Coin Sees Exchange Supply Squeeze; Coinbase Opens Perpetual Access to Apple, Amazon and Others: Morning Crypto Report Crypto Market Review: XRP Takes Beating at $1.50, Did Shiba Inu Lose All Hope for $0.00001? Dogecoin's (DOGE) Price Reset Point Is Clear BlackRock records withdrawals in ETF products While BlackRock has continued to maintain dominance across the Bitcoin and Ethereum ETF markets, the firm’s latest move appears to have been triggered by the poor performances of these markets in recent days. Advertisement Further data showcased by the source reveals that the deposit is traceable to wallets associated with BlackRock’s spot crypto ETFs, including the IBIT Bitcoin ETF and ETHA Ethereum ETF. You Might Also Like Thu, 03/12/2026 - 15:22 BlackRock Sweetens Staked Ethereum ETF Launch With 50% Fee Cut for First $2.5 Billion By Gamza Khanzadaev While the ETFs often use Coinbase Prime as their custody and trading platform, the crypto community is debating the purpose of the deposits. Advertisement Some commentators argue that the deposits were attempts to sell funds withdrawn from the ETFs during the last negative trading session, while others argued that the firm may be preparing liquidity for a major move. Bitcoin ETFs see second-day outflow The move from BlackRock comes as the Bitcoin ETFs fail to hold momentum, recording two days straight of steady outflows as institutional investors appear to be acting cautious. The latest withdrawals seen across all funds, including BlackRock, is worth over $90 million, as Bitcoin stalls around the $70,000 price level after the recent price rally. #BlackRock #Bitcoin #Ethereum #Coinbase