BlackRock Deposits 7,432 BTC and 8,150 ETH to Coinbase in Massive Transfer Worth ~$460M

News Editor

2026-06-29 12:01:17

According to on-chain data provider Onchain Lens, asset management giant BlackRock has just deposited 7,432 BTC (approx. $446.38 million) and 8,150 ETH (approx. $12.89 million) into Coinbase. The combined value of the two transfers is approximately $459.27 million, sparking market attention on whale movement and potential ETF-related rebalancing.

BlackRockBitcoinEthereumCoinbaseWhale TransferOn-Chain DataAsset ManagementBTCETH

BlackRock, the world's largest asset manager, has transferred a significant amount of cryptocurrency to Coinbase. According to blockchain monitoring platform Onchain Lens, the firm deposited 7,432 Bitcoin (BTC), valued at roughly $446.38 million, alongside 8,150 Ethereum (ETH), worth approximately $12.89 million. The total value of the two deposits amounts to about $459.27 million. This large-scale transfer reflects a notable movement of digital assets by a major institutional player, likely related to custody operations, liquidity management, or ETF share creation/redemption. On-chain analysis confirms the funds originated from BlackRock's known wallets.

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

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