Yeliz Akmaca 
BlackRock executed a major Bitcoin and Ethereum transfer that stirred significant attention across the crypto market. Arkham Intelligence data shows that the world’s largest asset manager moved hundreds of millions of dollars in digital assets to Coinbase Prime. This activity aligns with rising institutional flows into crypto ETFs and on-chain liquidity hubs.
BlackRock Sends High-Value BTC to Coinbase
Arkham’s on-chain tracking confirms that BlackRock deposited 6,735 BTC, worth roughly 616.09 million dollars, into Coinbase Prime. These transactions occurred during a period of heightened volatility in the crypto market. The transfers mostly originated from the IBIT Bitcoin ETF pool, which signals active liquidity management on the institutional side. This activity also highlights Coinbase Prime’s role in high-volume ETF-related operations.
The rapid sequence of deposits drew immediate industry attention. Analysts suggested that these movements reflect increased institutional engagement with Bitcoin ETF products. Additionally, the visible surge in BTC inflow strengthened expectations for continued growth in institutional trading activity.
Ethereum Deposits Near 200 Million Dollars
Alongside its Bitcoin transactions, BlackRock also transferred a substantial amount of Ethereum. Arkham data shows the company deposited 64,706 ETH, valued at about 199.73 million dollars, into Coinbase Prime. This action indicates expanding institutional positioning within the Ethereum ETF ecosystem.
Repeated 10,000 ETH deposits stand out in the dataset, showing back-to-back transfers executed within minutes. This pattern suggests highly coordinated liquidity operations. Moreover, the strong rise in Ethereum inflow drew market attention as traders watched ETF-related activity closely.
Key Details from Arkham’s Transaction View
The Arkham dashboard highlights categories such as INFLOW, OUTFLOW and SWAPS, while listing dozens of rapid transactions from BlackRock’s ETF wallets to Coinbase Prime. The dataset includes several recurring entries.
• Multiple 300 BTC transfers from BlackRock’s IBIT wallet to Coinbase Prime
• A notable 135.351 BTC entry appearing in the transaction list
• Two consecutive 10,000 ETH transfers from the ETHA ETF wallet
These entries offer a clear picture of aggressive institutional movement. They also demonstrate the increasing role of ETF-linked liquidity flows in shaping short-term price dynamics across the crypto market.
Institutional Activity Accelerates in the Crypto Market
The combined value of BlackRock’s BTC and ETH deposits exceeds 815.82 million dollars, marking one of the most significant institutional inflows of the year. The scale of the movement suggests stronger demand for crypto-based financial products. Furthermore, the rapid series of transactions points to carefully managed ETF strategies. This trend reinforces Coinbase Prime’s importance as a major liquidity venue for institutional investors.
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