BlackRock Moves $303M in Bitcoin to Major Custodian

PermabullPete · 2026-01-13T14:20:40+00:00

BlackRock moved $303 million in Bitcoin and $18 million in Ethereum to Coinbase Prime. Despite managing ETFs, both Bitcoin and Ethereum products faced significant outflows, with $71 million and $80 million withdrawn respectively.

PermabullPete

2026-01-13 14:20:40

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Source: CryptoBriefing Original Title: BlackRock moves $303M in Bitcoin to Coinbase Prime Original Link:

Overview

Asset management giant BlackRock deposited 3,290 Bitcoin worth about $303 million and 5,692 Ethereum valued at approximately $18 million into a major custodial platform today, according to Arkham Intelligence data.

ETF Performance Impact

BlackRock manages investment products, including spot Bitcoin and Ethereum ETFs, which have seen outflows predominantly amid mixed market sentiments in recent weeks.

BlackRock’s Bitcoin ETF (IBIT) saw nearly $71 million in outflows yesterday, marking four consecutive days of withdrawals, while its Ethereum ETF experienced around $80 million in redemptions, according to Farside Investors.

Key Takeaways

BlackRock transfers significant Bitcoin and Ethereum holdings to major custodian
The transfer included 3,290 Bitcoin and 5,692 Ethereum
Bitcoin ETF experienced $71 million in outflows, marking four consecutive withdrawal days
Ethereum ETF saw approximately $80 million in redemptions

BTC1,91%

ETH1,68%

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