Odaily reported that on-chain data platform Arkham detected a transfer from BlackRock to a Coinbase Prime hot wallet address roughly one hour earlier. The transaction involved 7,245 ETH, with the monitored value estimated at about $12.6 million.
Arkham Records ETH Flow to Coinbase Prime
The receiving address was identified in the monitoring data as a Coinbase Prime hot wallet. Coinbase Prime serves institutional crypto clients, and the movement of ETH from a BlackRock-related address to that destination was recorded through on-chain monitoring.
Arkham’s monitoring note also indicated that BlackRock may continue depositing ETH into the same address later, as stated in the source report. At the time of publication, the disclosed information only covered the 7,245 ETH transfer and its approximate $12.6 million value, with no further details provided on the specific purpose of the transaction.