BlackRock Moves Over $226M in Bitcoin and Ethereum to Coinbase

BlackRock has transferred 2,221 BTC and 26,572 ETH to Coinbase, a move seen as significant institutional liquidity positioning. Onchain data from Arkham Intel puts the deposits at roughly $170.59 million in BTC and $56.17 million in ETH. The high-volume transfers come as institutional demand for spot crypto exposure hits new quarterly highs.