BlackRock moves about $240 million in BTC and ETH into ETF wallets

AI Market Summary

On-chain monitoring indicates BlackRock accumulated and withdrew ~2,802.904 BTC (~$223.41m) and 6,580 ETH (~$16.57m), moving them into IBIT and ETH ETF custody wallets. Such transfers typically signal primary-market creation flows and sustained institutional demand, tightening liquid exchange supply and reinforcing ETF-led spot market influence. BTC is most impacted given the larger notional flow, with ETH secondary.

Impact level

● High

Affected assets

BTC/USDT+4.51%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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Blockchain tracker Onchain Lens reported that BlackRock has accumulated and withdrawn a total of 2,802.904 BTC worth about $223.41 million and 6,580 ETH worth about $16.57 million. The assets were transferred into the firm's ETF wallets linked to IBIT, ETHA and ETHB, according to Odaily Planet Daily.

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