BlackRock moved $504.9M in BTC and ETH to Coinbase Prime wallets on May 19

BlackRock transferred more than $500 million in Bitcoin and Ethereum to Coinbase Prime hot wallets on May 19, in moves that can support spot-ETF redemptions. The batches included 5,847 BTC ($449.5 million) and 26,269 ETH ($55.4 million), totaling about $504.9 million, while IBIT also saw a large May 18 net outflow of roughly $448 million.