BlackRock ETF Wallet Sends $318 Million in Bitcoin and Ether to Coinbase

BlackRock’s ETF wallet moved $318.36 million in Bitcoin and Ether to Coinbase on Tuesday, Nov. 10, marking a second deposit in a week that carried more Ether and less Bitcoin than the prior transfer.

The transfer included 2,252 Bitcoin (BTC), worth about $166.94 million, and 72,210 Ether (ETH), worth about $151.42 million. Bitcoin made up slightly more of the dollar total, even though the transfer contained many more ETH tokens.

The Nov. 3 transfer included 7,244 BTC and 63,600 ETH, with a combined value of $702.25 million. Compared with that movement, the latest deposit carried fewer BTC but more ETH, shifting the transfer’s composition toward Ether.

The two assets’ dollar values in the latest transfer were close. The figures describe the assets moved to Coinbase and should not be read as a broad reduction in BlackRock’s ETF positions.