BlackRock Deposits 6,005.46 BTC Worth $403 Million to Coinbase

News Editor

2026-06-03 11:30:41

BlackRock deposited 6,005.46 BTC (~$403M) into Coinbase, on-chain data shows.

BlackRockBitcoinCoinbaseon-chainBTCinstitutional

Onchain Lens data shows BlackRock deposited 6,005.46 BTC (~$403M) into Coinbase. The asset manager, issuer of the iShares Bitcoin Trust (IBIT), is closely tracked for on-chain moves.

Coinbase Prime, an institutional platform, provides custody and trading services for large clients. While the purpose of the transfer is undisclosed, it may relate to ETF operations. The market showed no reaction, suggesting routine activity.

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

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