BlockBeats reported on July 7 that, according to on-chain tracking service Onchain Lens, BlackRock has withdrawn 2,979 ETH through Coinbase Prime. The transfer was detected roughly six minutes before the report was published and was valued at approximately $5.26 million at the time. The transaction marks a fresh institution-linked on-chain movement involving Ethereum and has drawn attention to changes in BlackRock-related wallet activity. While no additional context on the destination wallet or the purpose of the transfer was provided in the source, the transaction adds to the market’s close monitoring of large asset managers’ crypto flows, especially movements involving ETH through institutional brokerage and custody channels.
BlockBeats reported on July 7 that, according to monitoring by Onchain Lens, BlackRock has just withdrawn 2,979 ETH through Coinbase Prime. Based on the price at the time of detection, the transfer was worth about $5.26 million.
The tracking update indicated that the withdrawal took place roughly six minutes before the news alert was published. The transaction represents a new piece of institution-related on-chain activity involving Coinbase Prime and Ethereum.
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