BlackRock moved $62 million in Bitcoin and Ethereum through Coinbase Prime, including 656.71 BTC worth approximately $49.79 million and 5,150 ETH valued at around $12.28 million. The asset manager’s portfolio holdings total 787,349 BTC estimated at $60.15 billion and 3.556 million ETH representing $8.68 billion. Its ETF funds IBIT and ETHA hold approximately 795,000 BTC and 3.6 million ETH respectively, representing about 4% of Bitcoin’s total circulating supply and 3% of Ethereum’s. However, Bitcoin and Ethereum ETF flows turned negative since mid-September, with outflows of $462.73 million for Bitcoin and $141.47 million for Ethereum, signaling weakening institutional demand.
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