BlackRock has deposited 3,970 Bitcoin worth $356.7 million and 82,813 Ethereum valued at $247.1 million into Coinbase, according to onchain data.
The transfer suggests ongoing portfolio rebalancing, custody management, or ETF related activity as institutional participation in crypto markets continues to scale. Large movements to regulated exchanges like Coinbase are often associated with liquidity management or operational flows rather than retail selling.
Analysts say the transaction highlights the growing role of traditional asset managers in crypto market structure, reinforcing that Bitcoin and Ethereum are now deeply embedded within institutional investment pipelines.
