BlackRock Address Deposits Nearly 5,000 BTC and 30,000 ETH to Coinbase Prime, Total Value ~$344 Million

News Editor

2026-06-30 12:31:21

On-chain data from Lookonchain shows a BlackRock-linked address deposited 4,984.56 BTC (~$295M) and 30,725 ETH (~$48.58M) into Coinbase Prime, totaling approximately $344M. This whale-size transfer has drawn market attention, potentially signaling institutional rebalancing or custody moves.

Whale Movement: BlackRock Transfers $344M in Crypto to Coinbase Prime

According to on-chain monitoring platform Lookonchain, an address associated with BlackRock has made a large deposit to Coinbase Prime, moving 4,984.56 Bitcoin (worth approximately $295 million) and 30,725 Ethereum (worth approximately $48.58 million), for a combined value of roughly $344 million. The scale of this transfer has caught the attention of the crypto community, as it may indicate institutional portfolio adjustments or a shift in custody arrangements. Coinbase Prime serves institutional clients for trading and custody, making such deposits a common venue for large-scale liquidity management.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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