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Sell Signal? BlackRock Spotted Sending Another 5,227 BTC and 20,000 ETH to Coinbase

BlackRock is once again making significant institutional moves in the crypto market by transferring massive assets to the Coinbase Prime platform. Based on the latest on-chain intelligence tracking data, BlackRock is recorded to have transferred specifically 5,227.19 BTC valued at approximately $325.92 million, as well as 20,000 ETH with an estimated value of around $35 million. Overall, this crypto asset transfer maneuver totals over $360 million.
Transaction explorer details from Arkham Intelligence note that this main Bitcoin flow was executed on block #952323 recorded on June 4, 2026, at 17:57 WIB. Funds were withdrawn from BlackRock’s Coinbase Prime Deposit address and directly sent to the Coinbase Prime hot wallet. Interestingly, this transfer worth hundreds of millions of dollars only incurred a network fee of 0.00021684 BTC or about $13.52.
Given that Coinbase Prime acts as the official custodian partner for BlackRock’s spot crypto ETF product, the large fund flow toward the exchange’s hot wallet generally indicates portfolio adjustments, liquidity preparations for daily ETF settlement needs, or the completion of other institutional transaction instructions within the crypto ecosystem.
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CryptoChampion
· 21m ago
LFG 🔥
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CryptoChampion
· 21m ago
To The Moon 🌕
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CryptoChampion
· 21m ago
2026 GOGOGO 👊
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HighAmbition
· 1h ago
good information about crypto market
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