BlackRock transferred approximately 54,096 ETH and 2,015 BTC to Coinbase Prime, according to on-chain data tracked by Arkham Intelligence. This movement is tied to the operational management of the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) ETFs. Coinbase Prime serves as the custodian and execution agent for these exchange-traded products. Analysts note that these flows should not be interpreted as directional market bets, as they are standard procedures dictated by investor activity. In September 2026, BlackRock had withdrawn approximately 656 BTC and 5,150 ETH from Coinbase Prime, illustrating the dynamic nature of ETF-based asset management.
Source: Read the original article
