Sophia jessica

#BlackRockDepositsBTCAndETHToCEX Reports circulating from on-chain trackers indicate that blackrock.com⁠� recently transferred large amounts of Bitcoin and Ethereum to coinbase.com⁠�, the institutional custody and trading platform used for its crypto ETF operations. Recent reported transfers include 3,900 $BTC and 31,702 $ETH moved to a centralized exchange according to blockchain monitoring reports. 861 BTC and 44,691 $ETH (about $173 million at the time) transferred to Coinbase-related custody infrastructure in mid-May. Multiple similar BTC and ETH deposits were reported throughout March–May 2026. The key point is that a transfer to Coinbase Prime does not automatically mean BlackRock is selling. Coinbase Prime acts as custodian and execution venue for BlackRock's spot crypto ETFs, so these movements are often associated with: ETF creation/redemption activity Custody rebalancing Liquidity management Preparing for institutional trades Market participants usually watch whether funds remain inside Coinbase Prime custody wallets or move onward to exchange trading wallets. The latter would be a stronger signal of potential selling pressure. Because BlackRock's crypto holdings are extremely large, these transfers tend to attract attention and can temporarily affect market sentiment even when they are routine operational movements.