BlackRock Makes Major Crypto Move: Deposits Millions in BTC and ETH to Coinbase

BlackRock's Crypto Move Sparks Market Speculation

Global finance leader BlackRock has been spotted transferring 3,290 BTC and 5,692 ETH to Coinbase, with the combined value exceeding $480 million. The transaction, detected through on-chain analytics, has stirred significant attention across the digital asset space.

A Clear Institutional Signal

While the exact purpose remains unclear, this move is widely interpreted as a strong endorsement of crypto by traditional finance. BlackRock’s growing footprint in blockchain — from ETF filings to custody exploration — suggests a long-term strategic pivot.

• Over $300M in BTC highlights institutional-scale activity
• Dual allocation to BTC and ETH shows confidence in core digital assets
• Choice of Coinbase reflects preference for regulated infrastructure

Experts suggest the transfer could relate to ETF positioning or portfolio structuring. As regulatory clarity improves, such moves may pave the way for broader financial integration.