BlackRock ETF Address Deposits 7,432 BTC and 8,150 ETH to Coinbase, Total Exceeds $458M

News Editor

2026-06-29 10:57:12

Onchain monitoring shows BlackRock ETF-linked addresses deposited 7,432 BTC (~$446M) and 8,150 ETH (~$12.89M) into Coinbase, totaling over $458M. The large transfer may signal liquidity management or position adjustment, with market participants watching for potential price impact.

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Large Transfer Details

According to onchain monitoring platform Onchain Lens, a BlackRock ETF-associated address transferred 7,432 Bitcoin (BTC) worth approximately $446 million and 8,150 Ethereum (ETH) worth approximately $12.89 million to the Coinbase exchange earlier today. The combined value of the two transfers exceeds $458 million.

BlackRock's iShares Bitcoin Trust and iShares Ethereum Trust are among the largest spot crypto ETFs. Such large inflows to an exchange are often viewed as potential sell signals, but could also represent custody adjustments or liquidity reserve operations. The market will be watching for any subsequent position changes.

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

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