BlackRock Shifts 7,160 BTC and 98,850 ETH to Coinbase Prime in 48 Hours

BlackRock has transferred a total of 7,160 BTC and 98,850 ETH to Coinbase Prime over the past 48 hours, a move widely seen as part of a large-scale institutional portfolio rebalance. The transfers amount to roughly $447 million in BTC and $164 million in ETH. As of this morning, on-chain data also showed a single-day deposit of 2,700 BTC (168.63M) and 52,956 ETH (88.17M), underscoring rapid liquidity management by the world's largest asset manager.