BlackRock-Linked Bitcoin and Ether Worth $143 Million Move to Coinbase Prime

BlackRock-linked ETF holdings worth about $143 million moved to Coinbase Prime, with Bitcoin (BTC) and Ether (ETH) making up nearly equal dollar portions of the movement.

The movement involved 883 BTC worth approximately $72.64 million and 28,957 ETH worth about $70.4 million. The amounts total $143.04 million. Coinbase Prime is an institutional trading and custody platform, and a transfer there does not by itself establish that either asset was sold.

The latest amount is smaller than an earlier $202.54 million transfer to Coinbase Prime. That movement included 860.393 BTC valued at about $71.54 million and 52,488 ETH worth about $131 million. Ether made up the larger share of the earlier transfer by value; the two portions in the latest movement were much closer.

Transfers have also gone from Coinbase Prime to BlackRock-linked ETF wallets. Those wallets received 2,802.904 BTC on Aug. 25 and 3,620 BTC on Aug. 27.