BlackRock Deposits 2,043 BTC & 22,681 ETH to Coinbase

Published: 2025-11-04 13:17:56 |

BlackRock deposited 2,043 BTC (≈$213 M) and 22,681 ETH (≈$80 M) into Coinbase Prime today, building on earlier transfers of 1,198 BTC and 15,121 ETH. These recurring BlackRock deposits support its iShares Bitcoin Trust (holding over 801,000 BTC) and iShares Ethereum Trust (managing nearly 4 million ETH), underpinning ETF operations, portfolio rebalancing and asset tokenization initiatives. Traders should note that such large-scale moves can impact BTC and ETH liquidity, sentiment and price dynamics, potentially signaling future tokenization activity, redemptions or sales.

Bullish

BlackRock deposits of this scale underline sustained institutional engagement in BTC and ETH markets, reinforcing demand through ETF operations and asset tokenization. While large transfers into Coinbase Prime could precede redemptions, they more likely reflect strategic custody and portfolio rebalancing, supporting liquidity and market confidence. This dynamic is expected to bolster both short-term trading sentiment and long-term institutional adoption, driving a bullish outlook for BTC and ETH.