TREE NEWS reports: A wallet linked to BlackRock’s ETFs transferred $203 million in Bitcoin and Ether to Coinbase Prime within the past hour. The deposit comprised 860.393 BTC worth $71.54 million and 52,488 ETH worth $131 million. The transfers occurred on the date reported by the on-chain tracker.
BlackRock ETF-Linked Wallet Deposits $203M in Bitcoin, Ether to Coinbase Prime
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AI take
A transfer of this size from an ETF-linked wallet to a prime brokerage venue is the kind of operational move that can reflect either routine custody or liquidity provisioning for creation and redemption activity, and the distinction is not visible on-chain. What matters is that it puts a nine-figure notional in BTC and ETH into a visible flow channel at a moment when ETF-related wallets are increasingly read as a proxy for institutional positioning. Whether similar transfers follow, and whether they coincide with net flows in or out of the funds, is the open question.
Generated by AI for reference only.
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