Source: CryptoBriefing
Original Title: BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime
Original Link:
Overview
BlackRock, the global investment management firm, moved about 3,064 Bitcoin, valued at roughly $276 million, along with 26,723 Ethereum worth more than $83 million, to a certain compliance platform today, according to blockchain data.
Market Context
The latest transfers come as ETF flows in early 2026 turned volatile, with strong inflows at the start of January quickly giving way to sharp outflows. After solid buying on Jan 2 and Jan 5, sentiment reversed sharply on Jan 6 and Jan 7, resulting in net outflows for the period.
BlackRock’s Bitcoin ETF (IBIT) posted $130 million in redemptions, with US spot Bitcoin funds suffering $486 million in net outflows—their biggest daily outflow since late November. This shift reflects changing investor sentiment as the market enters a more uncertain phase in early 2026.
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BlackRock Transfers $276M in Bitcoin and $83M in Ethereum Amid ETF Outflow Volatility
Source: CryptoBriefing Original Title: BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime Original Link:
Overview
BlackRock, the global investment management firm, moved about 3,064 Bitcoin, valued at roughly $276 million, along with 26,723 Ethereum worth more than $83 million, to a certain compliance platform today, according to blockchain data.
Market Context
The latest transfers come as ETF flows in early 2026 turned volatile, with strong inflows at the start of January quickly giving way to sharp outflows. After solid buying on Jan 2 and Jan 5, sentiment reversed sharply on Jan 6 and Jan 7, resulting in net outflows for the period.
BlackRock’s Bitcoin ETF (IBIT) posted $130 million in redemptions, with US spot Bitcoin funds suffering $486 million in net outflows—their biggest daily outflow since late November. This shift reflects changing investor sentiment as the market enters a more uncertain phase in early 2026.