According to Bishijie News, BlackRock transferred over $600 million worth of Bitcoin and Ethereum to Coinbase in the past 48 hours, specifically 7,160 BTC and 98,850 ETH, totaling approximately $611 million. This transfer occurred after BlackRock's spot Bitcoin ETF saw $720 million in outflows over five consecutive trading days.

BTC-4.43%
ETH-5.67%
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IHateFalseProsperity.
· 2h ago
$611 million—just like that, transfer it; TradFi giants are doing on-chain like it’s as casual as sending transfers.
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L2NightCourier
· 2h ago
7160 BTC plus nearly 100k ETH, a move from an institution's wallet is the equivalent of several lifetimes for an ordinary person.
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L2AlleyRunner
· 2h ago
I can’t make sense of Blackstone’s move. Just as $700 million flowed out of the ETF, they turned around and sent $600 million to Coinbase—passing it from the left hand to the right?
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